WASATCH FRONT REGIONAL COUNCIL Meeting of October 24, … · WASATCH FRONT REGIONAL COUNCIL Meeting of October 24, 2019 . AGENDA . A meeting of the Wasatch Front Regional Council

WASATCH FRONT REGIONAL COUNCIL Meeting of October 24, 2019

AGENDA

A meeting of the Wasatch Front Regional Council will be held on Thursday, October 24, 2019 at 2:00 p.m. in the WFRC offices located at 41 North Rio Grande Street, Salt Lake City, Utah. The agenda, with approximate times, will be as follows: 1. Consent Agenda 2:00-2:10 a. ACTION: Minutes of the WFRC meeting held August 22, 2019 b. ACTION: Financial statements and check registers for July, August and September 2019 and Budget/Expenditure Report 2. Chair’s Report 2:10-2:35 a. Federal transportation reauthorization principles b. Legislative preview / tax reform update 3. Public Comment 2:35-2:40 4. Regional Growth Committee (RGC) 2:40-3:00 a. Wasatch Choice 2050 Vision Implementation 5. Transportation Committee (Trans Com) 3:00-3:20 a. ACTION: Board Modifications to the 2020-2025 Transportation Improvement Program (TIP) b. Air Quality update 6. Budget Committee 3:20-3:30 a. PUBLIC HEARING and ACTION: Approve FY20 Budget Amendments b. ACTION: Acceptance of WFRC Audit Report for FY19 7. Active Transportation Committee (ATC) Report 3:30-3:35 8. Executive Director’s Report 3:35-3:40 9. Other Business 3:40-3:45 Next meeting: January 23, 2020 10. Adjournment 3:45 Upcoming events: • UDOT Annual Conference – November 5-7, 2019 • UAC Annual Conference – November 13-15, 2019

Informational materials can be located on WFRC’s website at www.wfrc.org

Wasatch Front Regional Council is an Equal Opportunity program. Public participation is solicited without regard to age, sex, disability, race, color or national origin. Auxiliary aids or translation services are available upon request by contacting WFRC’s Title VI Administrator. Call 801-363-4250 (Hearing impaired individuals may use Relay Utah by dialing 711) or email [email protected] at least 72 hours in advance.

El Wasatch Front Regional Council es una organización de Opportunidad Igual. Se solicita la participación del público, sin importar la edád , el sexo , la discapacidad, la raza, colór o nacionalidad. Personas que requieren servicios de traducción deben contactar al Administradór de Titulo VI de WFRC por teléfono a 801-363-4250 (personas con discapacidad auditiva pueden llamar a Spanish Relay Utah - 1-888-346-3162 ) o por correo electrónico [email protected], por lo menos 72 horas antes de la reunión.

http://www.wfrc.org/


WFRC Minutes August 22, 2019

Page 1 DRAFT

MINUTES Wasatch Front Regional Council

Meeting of August 22, 2019 Commissioner Bob Stevenson, Chair, called the meeting of the Wasatch Front Regional Council to order at 2:03 p.m. in the offices of the Wasatch Front Regional Council located at 41 North Rio Grande Street, Salt Lake City, Utah.

WFRC COUNCIL MEMBERS - 2019 BOX ELDER COUNTY Yes/No Alternates / Others in attendance: Member - Jeff Scott yes Jo Sjoblom, South Weber City Mayor Alternate – Tyler Vincent no Kyler Brower, Riverton City DAVIS COUNTY MEMBERS Mike Gottfredson, Horrocks Engineering Len Arave yes Jon Larsen, Salt Lake City Transportation Mark Shepherd yes Robert Hale, Midvale City Mayor Randy Lewis yes Shayne Scott, ULCT alternate Bob Stevenson yes Richard Jordan, Member of the public MORGAN COUNTY Anja Graves, Cardinal Infrastructure Member - Tina Cannon yes Karen Lang, West Valley City Alternate - Robert Kilmer no Matt Sibul, UTA Alternate - Mike Newton no Carolyn Gonot, UTA SALT LAKE COUNTY MEMBERS Makaylah Respicio, Envision Utah Jenny Wilson no Russell Weeks, SL City Council staff Jackie Biskupski yes Roger Borgenicht, UBET Troy Walker yes Clint Smith, Herriman City Michael Jensen yes Blake Thomas, Herriman City Jeff Silvestrini no Rep. Ben McAdams, U S Congress Robert Dahle yes Tom Tripp, Tooele County Ron Bigelow no Ivan Marrero, FHWA Derk Timothy no Cameron Diehl, ULCT TOOELE COUNTY Andrew Gruber, WFRC Member - Shawn Milne yes Ned Hacker, WFRC Alternate – Debbie Winn no Suzie Swim, WFRC WEBER COUNTY MEMBERS Jory Johner, WFRC Scott Jenkins yes Wayne Bennion, WFRC Jim Harvey yes Nicole Proulx, WFRC Mark Allen no LaNiece Davenport, WFRC Mike Caldwell yes Megan Townsend, WFRC UDOT & UTA Christy Dahlberg, WFRC Member - Carlos Braceras, UDOT no Hugh Van Wagenen, WFRC Alternate - Teri Newell, UDOT yes Scott Hess, WFRC Member - Carlton Christensen, UTA Board of Trustees yes Ted Knowlton, WFRC Alternate - Beth Holbrook, UTA Board of Trustees yes Ben Wuthrich, WFRC


Page 2 DRAFT NON-VOTING MEMBERS Val John Halford, WFRC Lorene Kamalu - Utah Association of Counties yes Katie Gerard, WFRC Dawn Ramsey - Utah League of Cities and Towns yes Bert Granberg, WFRC Robert Grow - Envision Utah no Matthew Silski, WFRC Gregg Buxton - State Senate no Amber Gonzales, WFRC Mike Schultz - State House of Representatives yes Kip Billings, WFRC Evan Curtis – State Planning Coordinator yes Alex Roy, WFRC Julie Bjornstad, WFRC Justin Smart, WFRC/Penna Powers Lauren Victor, WFRC Intern Jeannie Lambert, WFRC/Penna Powers Andrea Pearson, WFRC Welcome Commissioner Bob Stevenson welcomed Wasatch Front Regional Council members and guests and introductions were made. [00:04:25] 1. Consent Agenda 1a. ACTION: Minutes [00:03:28] Mayor Mike Caldwell made a motion to approve the minutes of the WFRC meeting held May 23, 2019, and Mayor Mark Shepherd seconded the motion. The minutes were accepted unanimously. 1b. ACTION: Financial Statements [00:03:49] Commissioner Shawn Milne made a motion to approve the Financial Statements and Check Registers for May and June 2019, and the current Budget/Expenditure Report. Councilmember Michael Jensen seconded the motion and the financial statements were accepted unanimously. 2. Chair’s Report [00:07:01] 2a. Discussion with Congressman Ben McAdams Congressman McAdams presented WFRC with a Resolution honoring the 50 years of service that the organization has provided to the Wasatch Front Region. This Resolution has been entered into the Congressional Record of the United States. Congressman McAdams also discussed federal issues, including transportation infrastructure policy and funding. 2b. WFRC FY19 Activities and Accomplishments Report [00:17:08] WFRC Executive Director Andrew Gruber presented the FY19 Activities & Accomplishments Report. In August 2018, the Wasatch Front Regional Council adopted goals and priorities for FY19 that provided direction for the agency regarding areas of focus for the upcoming year. The FY19 Activities & Accomplishments Report provides an overview of how WFRC met those goals. Mr. Gruber also acknowledged two WFRC staff members: Ben Wuthrich, Short Range Planning Program, celebrating 25 years of employment with WFRC, and Val John Halford, Long Range Planning Program, for 22 years of employment and upcoming retirement on August 30. 2c. WFRC Funding Opportunities for Local Governments [00:33:44] WFRC administers six programs that provide resources for local governments. Presentations were given by Scott Hess, Christy Dahlberg, Megan Townsend and Ben Wuthrich, all of WFRC, describing these competitive programs. Submittal timelines were discussed, and members of the Council where encouraged to coordinate with their local entities to complete letters of intent requesting these program funds. The programs include: • Wasatch Front Economic Development District (WFEDD) • Community Development Block Grant (CDBG) • Transportation and Land Use Connection (TLC) • Transportation Alternatives Program (TAP) • Congestion Mitigation Air Quality (CMAQ) • Surface Transportation Program (STP)


Page 3 DRAFT 2d. ACTION: Approve WFRC’s 2019 Title VI Plan, Public Participation Plan (PPP) and Limited English Proficiency (LEP) Plan [00:44:15] Andrew Gruber, WFRC, emphasized WFRC’s commitment to adhering to all applicable local, state and federal regulations. In order to ensure compliance with these laws and utilize best practices, WFRC works diligently to keep their policies updated. WFRC has completed updates to the Title VI Plan, the Public Participation Plan (PPP), and the Limited English Proficiency (LEP) Plan. The intent of these documents is to ensure non-discrimination in our work and to encourage participation in the regional transportation planning process among those groups traditionally underserved by transportation investments. [00:48:07] Mayor Mark Shepherd made a motion to approve the Title VI Plan, the PPP and the LEP Plan as outlined. Councilmember Michael Jensen seconded the motion and the updated documents were accepted unanimously. 3. Public Comment [00:52:53] Commissioner Stevenson opened the meeting up for public comments. There were none. 4. Regional Growth Committee (RGC) [00:53:44] Mayor Dawn Ramsey, RGC Chair, briefly reviewed the outcomes of the Regional Growth Committee (RGC) meeting held on August 15, 2019. 4a. Wasatch Choice 2050 Vision Ted Knowlton and Julie Bjornstad, both with WFRC, presented a preview of upcoming activities that will support implementation of the Wasatch Choice Vision, our communities’ shared vision for transportation investments, development patterns, and economic opportunities. WFRC and the Wasatch Choice Vision partners will be presenting implementation concepts and local case studies at the Utah League of Cities and Towns (ULCT) conference on September 12th in what will be known as the “Wasatch Choice Day”. Beginning September 23rd, a round of ten Wasatch Choice Implementation Workshops will then be held throughout the region. Part of the focus in all of these events with be an exploration of analyses and maps produced for individual cities to aid in responding to new legislation, SB 34 (Affordable Housing Modifications), and to compete effectively for state and regional transportation funding. 5. Transportation Coordinating Committee (Trans Com) [01:05:33] Commissioner Jeff Scott, Trans Com Chair, informed the Council of the items that were discussed in the Trans Com meeting held on August 14, 2019. 5a. Report on Board Modifications to the 2019-2024 Transportation Improvement Program (TIP) [01:06:15] Ben Wuthrich, WFRC, presented information regarding additional requests to modify the current 2019-2024 TIP. The modification required action from Trans Com (since WFRC was not meeting) and the UDOT Transportation Commission but did not require a new air quality conformity analysis or a 30-day public comment period. The modification and approved resolution were included in the packet materials. 5b. ACTION: Board Modifications to 2019-2024 TIP [01:07:48] Mr. Wuthrich reported that WFRC has received requests to modify the current 2019-2024 TIP with the attached list of projects. Mr. Wuthrich briefly discussed each project. [01:09:22] Commissioner Jeff Scott moved to approve the resolution to modify the 2019-2024 TIP as requested. Commissioner Shawn Milne seconded the motion and the voting was unanimous in the affirmative. 5c. ACTION: 2020-2025 TIP [01:09:41] Mr. Wuthrich presented information regarding the 2020-2025 Transportation Improvement Program (TIP) for approval. A draft 2020-2025 TIP was reviewed by Trans Com in June (as delegated by the Regional Council) and made available for public review. An analysis of the TIP


Page 4 DRAFT completed by WFRC staff shows that the 2020-2025 TIP conforms to the state air quality plans. The public comment period extended from June 27 through August 3, 2019. A list of all the comments and respective responses has been compiled, and a summary of the comments and responses is included in the meeting materials. [01:17:26] Commissioner Jim Harvey moved to approve the resolution to recommend the 2020-2025 TIP as requested. Mayor Troy Walker seconded the motion and the voting was unanimous in the affirmative. 5d. ACTION: Self-Certification of Planning Process [01:17:45] Wayne Bennion, WFRC, directed attention to the draft Resolution for the Urban Transportation Planning Process Certification exhibit information. Mr. Bennion stated that each year when the Regional Council approves the Transportation Improvement Program, WFRC and UDOT also need to certify that the transportation planning process meets all federal planning requirements. The staff at WFRC, UDOT, and UTA have worked together to confirm that the federal requirements are being met. [01:20:05] Commissioner Shawn Milne made a motion that the resolution be approved as presented. Mayor Mark Shepherd seconded the motion and the voting was unanimous in the affirmative.

6. Active Transportation Committee (ATC) Report [01:20:32] Mayor Jo Sjoblom, ATC Chair, provided an update on the Active Transportation Committee. 7. Executive Director’s Report [01:25.00] Andrew Gruber, WFRC, brought attention to the list of upcoming events on the bottom of the agenda and invited the members to participate where they are able:

• Making Strides: Creating Walkable Communities - August 28, 2019 • ULCT Annual Conference – September 11-13, 2019 (Wasatch Choice Day September 12, 2019) • Move Utah Summit - September 26, 2019 • WFRC Funding Program letters of intent submission deadline - September 26, 2019 • Wasatch Choice Implementation Workshops - end of September through end of October 2019 • Utah APA Fall Conference – October 3-4, 2019 • UDOT Annual Conference – November 5-7, 2019 • UAC Annual Conference – November 14-15, 2019

8. Other Business [01:26:46] [00:48:31] Mayor Jackie Biskupski noted that Salt Lake City is hosting the United Nations 68th Civil Society Conference on August 26-28, 2019, where 8,000+ delegates will be representing over 135 countries. Mayor Biskupski also noted that the Salt Lake International Airport reconstruction project is progressing as planned. Commissioner Bob Stevenson asked if there were any other items to discuss. There were no other items brought forward. With no further business, Commissioner Stevenson adjourned the meeting at 3:27 p.m. Note: Even though the recording had been inadvertently stopped, Commissioner Shawn Milne made a motion to adjourn and the motion was seconded by Mayor Mark Shepherd. A recording of this meeting, as well as meeting packet materials, may be found on the WFRC website at www.wfrc.org



7/1/2019

6/30/2020

Expenditure Budget Expended Balance %As approved May 23, 2019 9/30/2019 Unspent Expended

Salaries/Employee Benefits 4,381,640 985,063 3,396,577 22%

Contractual 2,340,837 217,651 2,123,186 9%

Audit and Accounting 20,000 1,715 18,285 9%

Equipment Depreciation 111,884 28,624 83,260 26%

Equipment Maintenance 20,000 1,742 18,258 9%

Dues and Subscriptions 20,100 11,990 8,110 60%

Insurance 12,000 2,679 9,321 22%

Legal 10,000 940 9,060 9%

Printing & Publication 10,950 0 10,950 0%

Rent 411,839 103,038 308,801 25%

Supplies/Software/Sponsoships 94,000 44,446 49,554 47%

Telephone/Data 38,000 7,038 30,962 19%

Travel 57,500 16,019 41,481 28%

Training 56,700 21,513 35,187 38%

Equipment Purchase 45,000 12,212 32,788 27%

Amounts expected to carry forward into next FY 35,758 0 35,758 0%

TOTAL EXPENDITURES 7,666,209 1,454,670 6,211,539 19%Excluding Carry Forward 7,630,451 1,454,670 6,175,781 19%

% Time Expended 25%

Program Budget Expended Balance %As approved May 23, 2019 9/30/2019 Unspent Expended

Consolidated Transportation Planning Grant 4,923,718 1,062,773 3,860,945 22%

UTA Project Support 82,170 21,450 60,720 26%

Tooele Valley RPO 10,000 2,761 7,239 28%

Local Government Service 38,121 2,501 35,620 7%

Community Impact Board $2K 2,000 0 2,000 0%

Mobility Management 10,000 397 9,603 4%

Joint Projects 0 0 0 0%

Economic Development 140,000 40,491 99,509 29%

CDBG - Tooele 50,000 18,574 31,426 37%

Transportation and Land Use Connection 1,955,500 254,330 1,701,170 13%

Morgan RPO 25,000 1,736 23,264 7%

WC2050 Consortium 50,000 0 50,000 0%

Legislative Consulting 90,000 6,000 84,000 7%

Model Development 234,700 31,443 203,257 13%

Davis County Prop 1 Assistance 10,000 0 10,000 0%

Oquirrh Connection 0 0 0 0%

Equipment Purchases 45,000 12,212 32,788 27%

TOTAL EXPENDITURES 7,666,209 1,454,670 6,211,539 19%

Wasatch Front Regional Council FY 2019Budget/Expense Report

Expenditure by Function

Expenditure by Program

Notes to the Budget/Expense Report

September 2019

In this report 25% of the fiscal year (time) has passed. Of the total amount budgeted for the year 19% was expended through the end of September 2019. The budget in this report is the budget that was approved by the Council on May 23, 2019.

The information contained in this report is useful in that it shows rates of expenditure by line‐item and by program and allows the Council and staff to analyze rates of expenditure and progress of the various programs and address any areas of concern. It is not unusual for budget spent versus time to show variations. Some expenses such as software licenses and dues fees are paid at the beginning of the fiscal year causing the percentage of budget spent versus time expended to go up. However, as the year progresses that percentage drops and the line item and program will finish the year within budget. Variances in the rate of expenditure by program are considered normal and include some programs that are expected to carry forward into the next fiscal year.

DATE: October 24, 2019 AGENDA ITEM: 2a SUBJECT: Federal transportation reauthorization principles PREPARED BY: LaNiece Davenport BACKGROUND: The current federal surface transportation authorization legislation – the Fixing America’s Surface Transportation Act (FAST Act) – expires on September 30, 2020. Utah’s transportation agencies and partners have jointly developed key principles for a multi-year reauthorization that reflect priorities to keep Utah moving. Discussions have taken place regarding how it will benefit the members of Utah's Congressional delegation, and others, as it will provide a high-level set of shared principles for transportation reauthorization. These principles would be supplemented by more specific policy positions for each mode and from each agency. This is similar to the coordinated approach agencies within Utah have taken together in the past. Collaboration – Utah's secret sauce!

These principles have been prepared with consideration of AASHTO, APTA, and NARC reauthorization principles, as well as an eye towards Utah's unique needs and has been discussed at Utah's Joint Policy Advisory Committee (JPAC) meeting. At the meeting, staff will review a draft of Utah’s federal transportation reauthorization principles and seek Council feedback. RECOMMENDATION: This item is for information only. CONTACT PERSON: LaNiece Davenport, 801-363-4250 x1136, [email protected]

DISCUSSION DRAFT October 15, 2019 [Include suppor�ng en��es]

UTAH’S TRANSPORTATION PRINCIPLES - FEDERAL TRANSPORTATION REAUTHORIZATION

Background The current federal surface transportation authorization legislation – Fixing America’s Surface Transportation Act (FAST Act) – expires on September 30, 2020. Utah’s transportation agencies and partners have jointly developed the following key principles for a multi-year reauthorization that reflect priorities to keep Utah moving.

1. Long-term and timely reauthorizationStability and predictability are essential for infrastructure planning, engineering, and construction. A reauthorization bill should be adopted on time, so as to avoid uncertainty and disruptions in critical infrastructure investments. The bill should be long-term (5-6 years), to provide predictability and stability.

2. Sustainable funding mechanismsUser fees, including the federal motor fuel tax, should continue to provide the core funding for the federal transportation program. Sustainable funding strategies that meet long-term funding needs, including road usage charges, should continue to be explored. In the meantime, additional funding mechanisms should be utilized to ensure sustainability of the federal transportation program.

3. Utilize existing formula-based programs with enhanced flexibility andmultimodal fundingThe existing federal formula programs are a proven mechanism to efficiently provide funding, and should be maintained. Federal transportation programs should continue to support integrated transportation systems that provide choices to users, including driving, transit, and active transportation.

Within those programs, there should be programmatic and funding flexibility for high-performing states such as Utah to use funds for the investments that achieve the best long-term outcomes. This flexibility will allow for funding to be targeted towards innovation, safety, access, connectivity , and other key priorities.

Maintain programs that provide value to Utah, including: 1) competitive discretionary funding programs for transit capital projects and formula funding for transit maintenance and operations; and 2) planning and Surface Transportation Program (STP) funding for MPOs and local governments.

4. Streamline processesFederal review and approval processes should be streamlined to reduce time and eliminate unnecessary duplication and cost. For example, the “one federal decision” policy should be codified.

5. Support and ensure state, regional, and local transportation agencies have theability to harness innovation, data, and technologyInnovative approaches, technologies, and data sharing should be embraced to achieve a safer and more resilient, efficient and effective surface transportation system.

DATE: October 24, 2019 AGENDA ITEM: 2b SUBJECT: Legislative preview / tax reform update PREPARED BY: LaNiece Davenport BACKGROUND: Staff will provide a brief legislative preview which will be followed by discussion on Utah’s tax reform. RECOMMENDATION: This item is for information only. CONTACT PERSON: LaNiece Davenport, 801-363-4250 x1136, [email protected]

DATE: AGENDA ITEM: SUBJECT: PREPARED BY:

October 24, 2019 4a Wasatch Choice Vision 2050 Implementation Ted Knowlton

BACKGROUND:

Wasatch Choice 2050 is the region’s shared vision to address ongoing growth.

At the Council meeting, staff will provide an update on the Wasatch Choice Implementation workshops. The implementation workshops are detailing the adopted Wasatch Choice Vision, exploring implementation challenges in each area, and are sharing information on key implementation opportunities that relate to recent state legislation. Half of the ten implementation workshops have been held so far. Each workshop involves local leaders and staff from a small group of cities and townships, including County representatives. The input gathered has been distinctive in each meeting and will be shared at the Council meeting. After this update, staff will ask Council for input on the implementation challenges that the region as a whole is facing.

RECOMMENDATION:

This item is for information only.

CONTACT PERSON:

Ted Knowlton, 801-363-4250 x1201, [email protected]

mailto:[email protected]

mailto:[email protected]

DATE: October 16, 2019 AGENDA ITEM: 5a SUBJECT: ACTION: Board Modifications to the 2020-2025 Transportation

Improvement Program (TIP) PREPARED BY: Ben Wuthrich BACKGROUND: The Wasatch Front Regional Council (WFRC) has received a request from UDOT to modify the current 2020-2025 Transportation Improvement Program (TIP) with the attached list of projects. This modification requires action from the Regional Council and the Transportation Commission. The requested modification is listed with the attached resolution. RECOMMENDATIONS: WFRC staff recommends that the Regional Council make a motion “to approve the attached resolution to modify the 2020-2025 TIP as requested.” CONTACT PERSON: Ben Wuthrich (801) 363-4230 ext 1121 EXHIBITS: Resolution adopting Amendment One to the 2020-2025 TIP

RESOLUTION OF THE WASATCH FRONT REGIONAL COUNCIL

AMENDING THE 2020 - 2025 TRANSPORTATION IMPROVEMENT PROGRAM

WHEREAS, the Wasatch Front Regional Council is the officially designated Metropolitan Planning

Organization for the Salt Lake/ West Valley and the Ogden/ Layton Urbanized Areas and, as such, has the responsibility for developing a Transportation Improvement Program, and

WHEREAS, a Transportation Improvement Program is to include all federally funded highway and

transit projects scheduled for the next six years, and WHEREAS, the Utah Department of Transportation, the State Transportation Commission, the Utah

Transit Authority, and the Wasatch Front Regional Council and its local jurisdictions desire to amend the 2020-2025 Transportation Improvement Program (TIP) to include and / or modify the projects on the attached project description list, and

WHEREAS, the U.S. Department of Transportation Metropolitan Planning Regulations Paragraph

450.326(a) requires that “the TIP . . . be updated at least every four years, and be approved by the MPO and the Governor,” and

WHEREAS, the Statewide Air Quality Implementation Plan includes traffic control measures for

reducing air pollutant emissions for the Salt Lake/ West Valley and the Ogden/ Layton Urbanized Areas and budgets for mobile source emissions, and

WHEREAS, the projects included in the proposed Transportation Improvement Program amendment

are either included in Phase 1 of the Regional Transportation Plan or are not regionally significant, or are included in the 2020-2025 TIP or are exempt projects that do not need to be reviewed for air quality conformity and consistency with the State Implementation Plan according to 40 CFR Part 93.126 Table 2 Exempt Projects, and

WHEREAS, the proposed Transportation Improvement Program amendment had a public review and

comment opportunity at the Regional Council meeting on October 24, 2019, and all comments were carefully considered,

NOW THEREFORE LET IT BE RESOLVED, that the Wasatch Front Regional Council

(1) Approves Amendment One to the 2020-2025 Transportation Improvement Program as attached,

(2) Finds that the TIP conforms to and is consistent with the State Implementation Plan for

Salt Lake, Davis, western Weber, and southern Box Elder Counties, and

(3) Finds that the development of the Transportation Improvement Program is based on a currently certified transportation planning process.

_______________________________________ ________________________________________ Commissioner Bob Stevenson, Chairman Andrew S. Gruber Wasatch Front Regional Council Executive Director Wasatch Front Regional Council Date: October 24, 2019

County Sponsor Facility PIN Project Location Concept/ Type of Improvement Funding SourceProject

Estimated Cost

Currently

Funded

Amount

Action Funding Amount Year

Local_Govt

(Local Government Funds)$86,658

ST_TIF

(Transportation Investment Funds)$471,650,000

ST_Trans_Sol

(State Transportation Solutions)$3,000,000

ST_Bridge

(State Bridge Funds)$0

Additional

Funding$2,050,000

0


Estimated Cost

Currently

Funded

Amount


0

2020-2025 Deck Replacement ProjectST_Bridge

(State Bridge Funds)$2,050,000 $0

Transfer

Funds &

Abandon

$0Davis/

WeberUDOT I-84 14348 I-84: Uintah Interchange

New Project

Salt Lake/ West Valley Urban Area

Salt Lake UDOT SR-210 17985 SR-210; Little Cottonwood Canyon

$476,786,658 2020-2025

After the Uintah Interchange project was approved and funding was programmed, Region One completed a study with plans that will replace the existing interchange with a

future interchange configuration to accommodate the expected growth and needs of this location. To address the immediate needs on the Uintah Interchange, pothole patching

and a polymer bridge deck overlay was applied this past summer to preserve them until the future project can be funded.

The funds being added to the US-89; Farmington to I-84 project will be used to rehabilitate the two bridges over the Weber River on US-89. The original project scope

included only striping an additional lane across both structures.

UDOT US-89 13821 US-89; Farmington to I-84

Reconstruct and Widen Project

to include the Rehabilitation of two bridges over the Weber

River on US-89

$0New

Funding$2,000,000 2020-2025

2020-2025 Transportation Improvement Program (TIP) (Amendment One)

Board Modification

Funding Transfer & Scope Change

Ogden/ Layton Urban Area

Davis

As part of the Cottonwood Canyons Recreation HotSpot Project, Region 2 has identified an early action operational improvement that will assist with traffic congestion exiting

Little Cottonwood Canyon by extending the existing High Tee intersection at Entry 1 and adding new High Tee intersectiona at Entry 4 (Alta Bypass Road) and the Wildcat

Access (Ft Trail).

While these types of intersections are not common, a review of the National Crash Modification Factors indicates that a reduction of 13% of current crashes is likely. Studies

show that after a High Tee intersection was installed, a survey of local road users was conducted and it indicated that users felt the roadway was safer to have this protected turn

and driving lane, as well as the average delay through the intersection was reduced. The requested funds are part of the overall Hot Spot Funding program.

Construct a High Tee IntersectionHot Spot Funding - TIF

( Transportation Investment Funds)$2,000,000


Estimated Cost

Currently

Funded

Amount


0

2020-2025 Transportation Improvement Program (TIP) (Amendment One)

Board Modification

New Project

Salt Lake/ West Valley Urban Area

New

Funding$87,392 2020

UDOT TAP Contribution $87,392, Local Contribution $47,056, Total Project Cost $134,448


Salt Lake White City 730 East 18050730 E; Sego Lily Dr to Tulip Dr -

Sidewalk

Construct Sections of Missing

Sidewalk

UDOT R2 TAP

(UDOT Region Two Transportation

Alternatives Program)

$134,448 $0

UDOT R2 TAP



$274,940 $0New

Funding$178,711 2020

New

Funding$115,766 2020


Salt Lake Sandy 11400 South 18051 11400 S; 1300 E to 1700 E - Bike LanesConstruct Bike Lanes along

11400 South


Salt Lake Murray Cedar Street 18052Cedar Street; 6100 S to 6200 S -

Sidewalk

Construct Sections of Missing

Sidewalk

UDOT R2 TAP



$178,101 $0

Salt Lake UDOT SR-210 17985 SR-210; Little Cottonwood Canyon Construct a Lane Merge Project Hot Spot Funding - TIF

( Transportation Investment Funds)$6,000,000 $0

New

Funding$6,000,000 2020-2025

As part of the Cottonwood Canyons Recreation HotSpot Project, Region 2 has identified an early action operational improvement project that will assist with traffic congestion

entering Little Cottonwood Canyon by adding a merge lane at the intersection of SR-210 and SR-209.

A traffic analysis of this merge lane at the intersection of SR 210/SR 209 has been completed and the results show a reduction of a 2 mile long queue to 200 yards during peak

times for travelers going up Little Cottonwood Canyon. The requested funds are part of the overall Hot Spot Funding program.

Salt Lake BluffdalePorter

Rockwell18053

Porter Rockwell; 14600 S to Rising Star

- Trail

Construct Section of Missing

Bike/ Pedestrian Trail

UDOT R2 TAP



$49,886 $0New

Funding$32,426 2020

DATE: October 24, 2019 AGENDA ITEM: 5b SUBJECT: Air Quality Update PREPARED BY: Kip Billings BACKGROUND: The Clean Air Act requires that transportation plans conform to State air quality goals established to attain federal standards for clean air. The WFRC region has several areas that are designated by EPA as non-attainment for one or more controlled pollutants. The Utah Division of Air Quality prepares a State Implementation Plan (SIP) for each designated non-attainment area. The SIP defines a budget or limit to emissions from cars and trucks on the highways in order to achieve clean air standards. WFRC analyzes present and future traffic and the corresponding emissions to verify that the goals of the SIP are met before the transportation plan can be approved. This emissions analysis process is known as “conformity”. Portions of the WFRC region have been designated by EPA as maintenance areas for carbon monoxide (CO), non-attainment for coarse particulate matter (PM10), and non-attainment for ozone (O3). The Utah Division of Air Quality, with support from WFRC, is in the process of seeking from EPA a designation as a maintenance area for fine particulate matter (PM2.5). The greatest air quality challenges currently facing the Wasatch Front are fine particulates (PM2.5) in the winter and ozone (O3) in the summer. At the Council meeting, an update will be provided on mobile source emissions and air quality conformity. CONTACT PERSON: Kip Billings, [email protected], 801-363-4250, ext.1115 RECOMMENDATIONS: This is for information only.

DATE: October 24, 2019 AGENDA ITEM: 6a SUBJECT: PUBLIC HEARING AND ACTION: Amend FY20 Budget PREPARED BY: Loveit Baumgardner

BACKGROUND: As WFRC completed FY19 and we reviewed the final expenditures, actual spending came in lower than budgeted by $1,770,970. This resulted mainly from spending on some contractual items that occurred more slowly than was anticipated or from items that were added to the FY19 budget in the later months but did not begin work until FY20. As a result, the amount of funds that carried forward from FY19 into FY20 was higher than was anticipated, resulting in an increase in the FY20 budget as some spending shifts from FY19 to FY20. The majority of the funds and projects carried forward from FY19 to FY20 are for Transportation and Land Use Connection (TLC) Program projects. There are also several new joint planning projects that include: Micro-mobility tool set, Mode Choice Model update, Unified Transportation Plan document development, Unified Transportation Plan economic impact study, and the Utah Parking Modernization initiative. WFRC uses funds from its Consolidated Planning Grant for part of this work and has partnered with Utah Department of Transportation, Utah Transit Authority and Mountainland Association of Governments who are providing additional funds for the projects. The additional funds received from partners is shown under state and local revenue sources. WFRC anticipates hiring consultants to perform the work and those expenses are included in the Contractual line item in this amended budget. There is also an adjustment to the Supplies/Software/Sponsorship line item. The FY20 budget originally included $50,000 in revenue and contractual expense for the Wasatch Choice 2050 Consortium event. Subsequent to the adoption of the budget, WFRC had the opportunity to partner with the Utah League of Cities and Towns to combine the Consortium event with their annual conference leading to a significant reduction in overall costs to sponsor the event. Revenue and contractual expense were therefore reduced by $50,000 each. The remaining costs associated with sponsoring events to promote Wasatch Choice 2050 have now been included in the Supplies/Software/Sponsorship line item. The adjustments described above, along with a few minor changes in estimated expenditures, are reflected in the line items on the Expenditure by Function page. The adjustments also impact the projected carry-forward into FY21, again reflecting on-going programs or multi-year projects that bridge the FY20 and FY21 years. The footnotes that accompany this proposed amended budget provide more detail on the changes to funding sources, expenditures by function, expenditures by program and changes to the fund balances. RECOMMENDATION: The WFRC Budget Committee and staff recommend that the Council take action “to amend the WFRC FY20 Budget as proposed.” CONTACT PERSON: Loveit Baumgardner (801) 363-4250 ext. 1102 EXHIBITS: Draft Amended Budget FY20 with Footnotes

FY 2020 FY 2020 FY 2020Approved 5/24/19 Proposed Difference

Federal Sources: Federal Highway Administration - PL 3,862,041 3,862,041 0 0%

Federal Highway Administration - STP 1,085,607 1,984,063 898,456 83% 1

Federal Transit Administration 652,734 677,872 25,138 4% 2

Dept. of Housing and Urban Development 50,000 50,000 0 0%

Economic Development Administration 70,000 70,000 0 0%

Total Federal Sources 5,720,382 6,643,976 923,594 16%

State Sources: Utah GOMB (CPG match) 140,000 140,000 0 0%

Community Impact Board 2,000 2,000 0 0%

UDOT - TLC 303,300 479,528 176,228 58% 1

UDOT - Joint Planning Projects 36,947 115,333 78,386 212% 3

UDOT - Model Development 85,053 85,053 0 0%

UDOT - Morgan RPO 15,000 15,000 0 0%

Total State Sources 582,300 836,914 254,614 44%

Local Sources: Dedicated Project Funds 659,900 1,208,107 548,207 83% 4

MAG - Joint Projects 0 86,978 86,978 100% 3

UTA - TLC 150,000 228,936 78,936 53% 1

UTA - Joint Projects 35,000 100,333 65,333 187% 3

UTA - Transit Sales Tax 160,684 160,684 0 0%

Local Contribution 312,943 312,943 0 0%

Total Local Sources 1,318,527 2,097,981 779,454 59%

TOTAL SOURCES 7,621,209 9,578,871 1,957,661 26%

October 24, 2019 Draft AmendedWasatch Front Regional Council FY 2020 Budget

Source of Funds


Expenditure FY 2020 FY 2020 FY 2020Approved 5/24/19 Proposed Difference

Salaries/Employee Benefits 4,381,640 4,381,640 0 0%

Contractual 2,340,837 4,068,689 1,727,852 74% 5

Audit and Accounting 20,000 20,000 0 0%

Dues & Subscriptions 20,100 20,100 0 0%

Equipment Depreciation 111,884 111,884 0 0%

Equipment Maintenance 20,000 20,000 0 0%

Insurance 12,000 12,000 0 0%

Legal 10,000 10,000 0 0%

Printing and Publication 10,950 10,950 0 0%

Rent 411,839 411,839 0 0%

Supplies/Software/Sponsorships 94,000 109,000 15,000 16% 6

Telephone/Data 38,000 38,000 0 0%

Training 56,700 56,700 0 0%

Travel 57,500 57,500 0 0%

Total Expenditures 7,585,450 9,328,302 1,742,852 23%

Amounts expected to carry into next FY 35,758 250,569 214,810 601% 7

TOTAL BUDGET 7,621,209 9,578,870 1,957,661 26%

Expenditure by Function


Program FY 2020 FY 2020 FY 2020Approved 5/24/19 Proposed Difference

Consolidated Transportation Planning Grant 4,923,718 5,190,506 266,788 5% 1

Transportation & Land Use Connection 1,955,500 3,286,139 1,330,639 68% 1

Economic Development 140,000 140,000 0 0%

Local Government Service 38,121 243,103 204,982 538% 1

UTA Project Support 82,170 82,170 0 0%

Model Development 118,748 118,748 0 0%

Joint Planning Projects 115,952 302,644 186,692 161% 3

Legislative Consulting 90,000 90,000 0 0%

CDBG - Tooele 50,000 50,000 0 0%

Mobility Management 10,000 10,000 0 0%

Tooele Valley RPO 10,000 10,000 0 0%

Morgan RPO 25,000 25,000 0 0%

Community Impact Board 2,000 2,000 0 0%

Davis County Prop 1 Assistance 10,000 10,000 0 0%

WC2050 Consortium 50,000 0 -50,000 100% 6

Oquirrh Connection 0 18,561 18,561 100% 1

TOTAL EXPENDITURES 7,621,209 9,578,871 1,957,662 -80%

Expenditure by Program


FY 2020 FY 2020 FY 2020County Approved 5/24/19 Proposed Difference

Box Elder, 1 voting member 12,911 12,911 0 0%

Davis, 4 voting members 68,861 68,861 0 0%

Morgan, 1 voting member 12,911 12,911 0 0%

Salt Lake, 8 voting members 136,488 136,488 0 0%

Tooele, 1 voting member 12,911 12,911 0 0%

Weber, 4 voting members 68,861 68,861 0 0%

TOTAL 312,943 312,943 0 0% 10

Local Contributions



Revenue Local Sources 0 3,600 3,600 100% 8

Interest 12,500 0 -12,500 -100% 8

Total revenue 12,500 3,600 -8,900 -71%

Expenditures Operating expenses 3,600 3,600 0 0%

Total expenditures 3,600 3,600 0 0%

Excess of revenue over expenditures 8,900 0 -8,900 (usage of fund balance)

Other sources Transfers in 0 0 0 Transfers out 0 0 0

Net change in fund balance 8,900 0 -8,900


Revenue Federal Sources 5,720,382 6,643,976 923,594 16% 9

State Sources 582,300 836,914 254,614 44% 9

Local Sources 1,318,527 2,094,381 775,854 59% 9

Interest Income 0 12,500 12,500 100% 8

Total revenue 7,621,209 9,587,771 1,966,561

Expenditures Planning 7,621,209 9,578,871 1,957,662 26% 9

Capital Outlay 45,000 45,000 0 0%

Total expenditures 7,666,209 9,623,871 1,957,662

Excess of revenue over expenditures -45,000 -36,100 8,900 (usage of fund balance)


Net change in fund balance -45,000 -36,100 8,900

General Fund

Special Projects Fund



Revenue Interest Income 32,000 32,000 0 Total revenue 32,000 32,000 0

Expenditures Capital Outlay 0 0 0 Total expenditures 0 0 0

Excess of revenue over expenditures 32,000 32,000 0 (usage of fund balance)


Net change in fund balance 32,000 32,000 0

Building Fund

Wasatch Front Regional Council

FY20 Amended Budget – October 24, 2019

Footnotes

1. These changes include amounts budgeted in FY19 but not spent prior to fiscal year end. These

changes reflect the multi-year nature of ongoing projects, most of which are expected to be completed in FY20 or FY21.

2. The increase in Federal Transit Administration funds reflects actual amount apportioned to WFRC. This amount was unknown but estimated in the FY20 budget approved May 24, 2019.

3. WFRC, in partnership with Utah Department of Transportation, Utah Transit Authority, and Mountainland Association of Governments, enters into contracts for joint planning projects or studies. Partner funds for joint planning projects include:

- $45,000 for micro-mobility tool set - $75,000 for mode choice model update - $37,910 for Unified Transportation Plan document development - $29,734 for Unified Transportation Plan economic impact study - $115,000 for Utah parking modernization initiative

4. The change to Dedicated Project Funds includes funds carried forward from FY19 for projects in

process. The funding shown here includes:

- $10,000 for Tooele Valley RPO - $33,695 for model development (MAG) - $10,000 for Davis County Prop 1 assistance - $10,000 for Morgan RPO - $223,043 for Local Government Services - $18,561 for Oquirrh Connection Feasibility Study - $902,808 for Transportation and Land Use Connection Program (includes Salt Lake

County and Local match for TLC projects)

5. The increase in contractual expenditures results from projects budgeted in FY19 that are ongoing and expected to be completed in FY20 and FY21. Anticipated contractual expenditures include:

- $90,000 for state and federal legislative consulting - $4,440 for human resource consulting - $95,000 for micro-mobility tool set - $5,000 for data resource consulting - $150,000 for mode choice model update - $32,000 for model development - $20,239 for Unified Plan Financial Plan update - $51,000 for Unified Plan Document development - $100,000 for communications and public outreach - $140,000 for Utah parking modernization initiative

- $40,000 for Unified Plan economic impact study - $2,851,817 for Transportation and Land Use Connection projects - $50,000 for Access to Opportunity GUI - $3,000 for Consortium for scenario planning - $50,000 for planning and environment linkage - $75,000 for RTP uncertainty scenarios - $130,000 for planning studies undesignated - $18,604 for GIS technical assistance - $53,731 for Strava Metro data - $2,500 for NTIC exploring data fusion tech - $25,000 for Point of the Mountain transportation study - $10,000 for salary survey - $2,797 for Provo/Orem BRT Study - $50,000 for Wasatch Choice implementation tool improvements - $18,561 for Oquirrh Connection study

6. The increase in Supplies/Software/Sponsorships includes additional funding for event expenses associated with promoting Wasatch Choice 2050. The FY20 budget approved on May 24, 2019 included $50,000 under the Contractual line item for a Wasatch Choice 2050 Consortium and a corresponding $50,000 in revenue. WFRC had the opportunity to partner with the Utah League of Cities and Towns (ULCT) to combine this event with their annual conference thereby saving WFRC the cost of hosting the event on its own. In this amended budget the $50,000 originally budgeted under the Contractual line item has been eliminated along with the corresponding revenue. The remaining expenses associated with the ULCT partnering opportunity are now shown under the Supplies/Software/Sponsorship line item.

7. The increase in amount expected to carry forward into the next FY are for projects that are not expected to be completed in FY20 and anticipated to carry forward to FY21.

8. Interest income was moved from the General Fund to the Special Projects fund. This is being proposed because the source of funds from which the interest income is generated are from monies held on deposit for planning projects under the Special Projects Fund and the amendment better reflects the nature of the revenue relative to its source. To maintain required minimums for revenue and expenditures in the General Fund a small amount of local funding was re-budgeted from the Special Projects Fund to the General Fund.

9. Changes in the Special Projects Fund are a reflection of adding funding and expenses for ongoing projects. The majority of the changes reflect projects that were budgeted in FY19 but not completed before the end of the fiscal year and were carried forward to FY20.

10. Consistent with the policy established in the FY18 budget process, in the WFRC FY21 budget the local contributions are expected to increase by a factor representative of the change in the Consumer Price Index (CPI) averaged over the prior three completed WFRC fiscal years, July 1, 2016 through June 30, 2019. That increase, which will become a part of the proposed FY21 budget that will be presented to the Council in March 2020, will be 2.1%. This projected increase supports the ongoing financial stability of the Council. This information is provided now so that it can be factored into the counties’ FY20 budget processes.

DATE: October 24, 2019 AGENDA ITEM: 6b SUBJECT: ACTION: Acceptance of the FY19 Audit Report PREPARED BY: Loveit Baumgardner BACKGROUND: An annual audit of the Council’s financial records was performed, and a final draft of the report issued as a result of that audit will be provided at the WFRC Budget meeting on October 10, 2019. The auditors have issued an unqualified opinion. There were no findings or questioned costs. A summary of the audit results may be found on page 45 of the report. Tim Rees from the auditing firm of Karren Hendrix Stagg & Allen will be present at the Budget Committee and Council meetings to review the final draft of the audit report. The final audit report will be submitted to those agencies requiring a copy of the report within 180 days of the close of the fiscal year. RECOMMENDATION AND MOTION: The WFRC Budget Committee makes a motion that the Council take action “to accept the WFRC FY19 Audit Report as presented.” CONTACT PERSON: Loveit Baumgardner (801) 363-4250 ext. 1102 EXHIBITS: Wasatch Front Regional Council Financial Statements with Independent Auditors’ Report for the Year Ended June 30, 2019.

WASATCH FRONT REGIONAL COUNCIL

Financial Statements With Independent Auditors’ Report For the Year Ended June 30, 2019

Mission Statement The Wasatch Front Regional Council builds consensus and enhances quality of life by developing and implementing visions and plans for a well-functioning multi-modal transportation system, livable communities, a strong economy, and a healthy environment.

WASATCH FRONT REGIONAL COUNCIL TABLE OF CONTENTS

FOR THE YEAR ENDED JUNE 30, 2019

Financial Section Independent Auditors’ Report .................................................................................................... 1 Management’s Discussion and Analysis ................................................................................... 3 Basic Financial Statements: Government-Wide Fund Financial Statements: Statement of Net Position ............................................................................................. 9 Statement of Activities ................................................................................................ 10 Government Fund Financial Statements: Balance Sheet – Governmental Funds ...................................................................... 11 Reconciliation of the Balance Sheet Governmental Funds to the Statement of Net Position ....................................... 12 Statement of Revenue, Expenditures, and Changes in Fund Balances Government Funds .............................................................................................. 13 Reconciliation of the Statement of Revenue, Expenditures, and Changes in Fund Balances – Governmental Funds to the Statement of Activities ............. 14 Notes to the Financial Statements .................................................................................... 15 Required Supplementary Information: Budgetary Comparison Schedule – General Fund .................................................................. 30 Budgetary Comparison Schedule – Special Projects Fund .................................................... 31 Schedule of Proportionate Share of the Net Pension Liability ................................................ 32 Schedule of Contributions ....................................................................................................... 33 Notes to Required Supplementary Information ....................................................................... 34 Supplementary Information: Budgetary Comparison Schedule – Building Fund ........................................................................ 36 Independent Auditors’ Report on Compliance and on Internal Controls Over Compliance in Accordance with the State Compliance Audit Guide ................................ 37

Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards .................................... 39 Independent Auditors’ Report on Compliance for Each Major Federal Program and on Internal Control Over Compliance Required by Uniform Guidance Requirements .......... 41 Schedule of Financial Federal Financial Assistance ............................................................... 43 Notes to Federal Awards ......................................................................................................... 44

Findings and Questioned Costs for the Year Ended June 30, 2019 ....................................... 45 Findings and Questioned Costs - Prior Year ........................................................................... 46 Schedule of Revenue and Expenditures by Program For the Year Ended June 30, 2019 ........................................................................................ 47

INDEPENDENT AUDITORS’ REPORT Members of the Council and Andrew Gruber Wasatch Front Regional Council Salt Lake City, Utah We have audited the accompanying financial statements of the governmental activities and each major fund, of the Wasatch Front Regional Council, Utah, as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Council’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the Wasatch Front Regional Council, Utah, as of June 30, 2019, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, and pension schedules on pages 3 through 8 and 30 through 34 and the schedule of Revenue and Expenditures by Program 46-49, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Wasatch Front Regional Council’s basic financial statements. The schedule of revenue and expenditures by program on pages 46 through 49 are presented for purposes of additional analysis and are not a required part of the basic financial statements. The schedule of revenue and expenditures by program are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. The schedule of revenue and expenditures by program have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. The schedule of expenditures of federal financial awards is presented for purposes of additional analysis as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, and is also not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal financial awards is fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated September 13, 2019, on our consideration of the Wasatch Front Regional Council’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Wasatch Front Regional Council’s internal control over financial reporting and compliance. Karren, Hendrix, Stagg, Allen & Company Salt Lake City, Utah September 13, 2019


MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED JUNE 30, 2019

3

As management of the Wasatch Front Regional Council (the Council), we offer readers of the Council’s financial statements this narrative overview and analysis of the financial activities of the Council for the fiscal year ended June 30, 2019. History and Background The Wasatch Front Regional Council (WFRC) was organized as a volunteer association of local governments in March 1969, among Davis, Salt Lake, and Weber Counties and the cities within, for the purpose of establishing a review agency to comply with requirements to obtain federal grants and loans, and to address the solutions to regional problems. In June 1969, Tooele County and the municipalities within, and, in 1972 Morgan County and the municipalities within, joined the Regional Council. In June 2014, those portions of Box Elder County that were included in the Ogden/Layton urbanized area for transportation planning as defined by the U.S. Census Bureau joined the Regional Council. The WFRC was designated by the governor of Utah as the Metropolitan Planning Organization (MPO) for the Salt Lake and Ogden metropolitan areas in 1971. MPOs are agencies responsible for transportation planning in urbanized areas throughout the United States. Transportation planning in the region is a cooperative effort of state and local agencies, and as the MPO, the WFRC is responsible for coordinating this transportation planning process. In addition to the transportation planning process, the WFRC provides assistance to small communities with Community Development Block Grant (CDBG) applications, participates in developing comprehensive economic development strategies for the region, and provides a forum for local governments to cooperate in resolving problems and developing plans that are common to two or more counties or are regional in nature.

The Council consists of a governing board of twenty-one voting members, 19 elected officials representing local governments from Box Elder, Davis, Morgan, Salt Lake, Tooele and Weber counties, and one representative each from the Utah Department of Transportation and the Utah Transit Authority. The Council also includes six non-voting members representing the Utah State Senate, the Utah House of Representatives, the Utah State Planning Director, the Utah League of Cities and Towns, the Utah Association of Counties, and Envision Utah. Transportation planning in the Salt Lake Area has been a continuing effort for over four decades. In the 1960's UDOT developed the first Long Range Plan for the area. Since 1973, the WFRC has developed Regional Transportation Plans and has updated them regularly. The process is comprehensive in nature, addressing all modes of transportation, including highways, transit, and active transportation.

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

2013 2014 2015 2016 2017 2018 2019

Growth

Revenue

4

Transportation plans are also part of the comprehensive planning for the overall development of the region. Two main products are developed through the transportation planning process. The first is a Regional Transportation Plan (RTP), which recommends improvements to highways, transit, and other modes, to meet the transportation needs of the area with a minimum 20-year planning horizon. The second is a Transportation Improvement Program (TIP). The TIP is a six-year capital improvement program for highway and transit and other transportation projects contained in the RTP. The RTP is updated every four years, while the TIP is approved annually. During the fiscal year ended June 30, 2019, Wasatch Front Regional Council received funding from the following sources:

U.S. Department of Transportation 4,237,951$ 75.4%U.S. Department of Housing/Urban Development 49,915 0.9%U.S. Department of Commerce 70,000 1.2%State of Utah 294,620 5.2%Local Governments 1,017,969 18.0%

Total 5,670,455$ 100.7%

Financial Highlights The following table summarizes changes in the Council’s assets, liabilities, deferred outflows and deferred inflows:

75%

1%1%

5%18%

Revenue

Dept Transportation Housing Urban Development Dept of Commerce

State of Utah Local Governments

5

2019 2018 Change

Current assets 2,926,415$ 1,842,033$ 1,084,382$ Pension assets - - - Capital assets 347,163 202,061 145,102

Total assets 3,273,578$ 2,044,094$ 1,229,484$

Deferred outflows 763,515$ 705,644$ 57,871$

Current liabilities 883,870 690,067 193,803 Non-current liabilities 1,788,901 1,146,509 642,392

Total liabilities 2,672,771$ 1,836,576$ 836,195$

Deferred inflows 30,861$ 538,725$ (507,864)$

Net positionNet investment in capital assets 347,163 202,061 145,102 Restricted net position - 290,000 (290,000) Unrestricted net position 986,298 (117,624) 1,103,922

Total net position 1,333,461$ 374,437$ 959,024$

Management considers the fluctuation in cash, receivables, prepaid expenses, and accrued payroll liabilities to be normal for this organization. Unearned revenue is advance payments received from local government and other sources for projects in process. Those projects are anticipated to be completed in subsequent fiscal years. Throughout the year, the Council invested funds not immediately needed for operations with the Utah State Public Treasurer’s Investment Fund (PTIF). Proceeds from those invested funds were $27,889 for the year. There was an 9% decrease in revenue and 16% decrease expenditures for the year. The bulk of these changes is due to projects awarded under the Transportation and Land Use Connection program that were not completed during the year and are ongoing. Management considers this to be normal for this organization. From time to time the Council enters into agreements with other agencies to conduct various transportation and other studies and support. For this fiscal year those included work on Transit Support, Community Impact Board, Economic Development planning, CDBG Small Cities support, Transportation and Land Use Connection Program, Tooele Valley Rural Planning Organization, Morgan Rural Planning Organization, Mobility Management, Transportation Model Development, and several joint planning projects. Overview of the Financial Statements The discussion and analysis is intended to serve as an introduction to Wasatch Front Regional Council’s basic financial statements. This report is similar to the last fiscal year’s and follows Governmental Accounting Standards Board Statement No. 34. In addition to the Management’s Discussion and Analysis, the report consists of government-wide financial statements, fund financial statements, and notes to the financial statements. The first several statements are highly condensed and present a government-wide view of the Council’s finances. The governmental activities of the Wasatch Front Regional Council include transportation planning, providing technical assistance to and workshops for small communities for CDBG applications, Economic Development planning, and other planning. Government-wide Financial Statements. The government-wide financial statements are designed to

6

provide readers with a broad overview of the Council’s finances in a manner similar to private-sector business reporting. The statement of net position, a component of the government-wide financial statements, presents information on all of the Council’s assets and liabilities, with the difference between the two reported as net position. The Council’s capital assets are included in this statement and reported net of their accumulated depreciation. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Council is improving or deteriorating. In evaluating the government’s overall condition, however, additional non-financial factors should be considered such as the Council’s economic outlook, changes in its demographics, and the condition of its capital assets. The statement of activities presents revenue and expense information showing how the Council’s net position changed during the fiscal year. To understand the basis of how these numbers are determined, it is important to note that changes in net position are reported whenever an event occurs that requires a revenue or expense to be recognized, regardless of when the related cash is received or disbursed (the accrual basis of accounting). For example, assessment revenue is reported when the assessments are billed, even though they may not be collected for some time after that date; and an obligation to pay a supplier is reported as an expense when the goods or services are received, even though the bill may not be paid until sometime later. The government-wide financial statements can be found on pages 9 and 10 of this report. Fund Financial Statements. A fund is a grouping of related accounts (revenue, expenses, assets, and liabilities) that is used to control resources that have been segregated for specific activities. The Wasatch Front Regional Council, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds utilized by the Council are accounted for in three governmental funds: the general fund, building fund and the special projects fund. Governmental Funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, for accounting and reporting purposes, government fund numbers are determined with a different approach. At the fund level, the focus is on changes in short-term spendable resources and the balance available to spend, rather than the long-term focus used for determining government-wide numbers. Because the focus is so different between fund statements and government-wide statements, reconciliation between the two types is necessary to understand how the numbers differ. Such reconciliation is provided on pages 12 and 14 of this report. The Council has three major funds which are the General Fund, Special Projects Fund and the Building fund. The General Fund is used for operating activities of the Council. The Special Projects Fund is used to account for regional planning activities. The Building Fund is used to fund future capital projects. To demonstrate legal compliance, statements comparing budget-to-actual numbers for these funds are included in the financial statements.

Financial Analysis The Council’s fund balance may serve over time, as a useful indicator of an organization’s financial position. In the case of the Council, assets exceeded liabilities by $1,333,461 at the close of the fiscal year ended June 30, 2019. Net assets are comprised of current assets and capital assets (property and equipment). Currently, the Council’s capital assets net of related debt and depreciation is $347,163. The Council records depreciation using a straight-line method over the lives of the assets. The Council uses these capital assets for day to day operations; consequently, these assets are not available for future spending. The Council’s net position increased by $959,024 during the fiscal year due to the sale of the old office building.

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Key elements of the increase in net assets are as follows:

2019 2018

RevenueFederal sources 4,357,866$ 3,877,430$ State sources 294,620 386,029 Local sources 1,021,741 915,656 Other 83,510 230,159 Sell capital assets 921,757 Interest income 27,889 12,941

Total revenue 6,707,383$ 5,422,215$

ExpensesProgram 5,748,359$ 5,108,828$

Total expenses 5,748,359$ 5,108,828$

Increase in net position 959,024$ 313,387$ Net position, beginning 374,437 61,050

Net position, ending 1,333,461$ 374,437$

The Council has three funds that are deemed major funds. The general fund is the fund that pays for the operations of the Council and activities not accounted for in the special projects fund. The special projects fund accounts for the major projects of the Council. The building fund finances capital projects. At the end of June 2019, the general fund showed a decrease of $338,242, the special projects fund showed an increase of $95,657, and the building fund showed an increase of $1,133,165.

4500000

5000000

5500000

6000000

Revenue

Program Expenditures

Revenue and Program Expenditures

2018 2019

8

Use of Reserved Funds The Council has funds with various restrictions. When an expense is incurred which meets the requirements to release the restriction, such restricted funds are first used to satisfy the expense followed by any unrestricted funds needed to satisfy the expense. The Council has reserved a portion of its cash for compensated absences.

Cash unrestricted $ 1,188,131 Restricted cash 683,373

Budgetary Highlights The Council approved its fiscal year 2019 budget on May 26, 2018. During the year the 2019 budget was amended to include $2,112,847 in additional funding for projects such as GPI demographic data support, Oquirrh connection feasibility study, Transportation and Land Use Connection Program, and to account for funds carried forward from the previous year that was estimated at the time the budget was adopted. Several of these projects are multi-year in nature and are anticipated to be completed within the next two years. Capital Assets The Council’s investment in property and equipment as of June 30, 2019, amounts to $347,163, net of accumulated depreciation. This investment includes, furniture, equipment, and related improvements. The majority of the total decrease in the Council’s investment in property and equipment was from a sale of an office building.

Property and Equipment (Net of Depreciation)

2019 2018

Land -$ 105,888$ Buildings - 56,059 Improvements - 14,415 Furniture and equipment 347,163 25,699

Total 347,163$ 202,061$

Requests for Information This financial report is designed to provide a general overview of the Council’s finances for all those with an interest. Questions regarding any of the information provided in this report or requests for additional information should be addressed to: Wasatch Front Regional Council 295 North Jimmy Doolittle Road Salt Lake City, Utah 84116 Attention: Loveit Baumgardner, Chief Financial Officer

ASSETS

CURRENT ASSETSCash 1,188,129$ Cash - restricted 683,374 Accounts receivable 1,029,831 Prepaid expenses 25,081

Total current assets 2,926,415

NON-CURRENT ASSETS (Net of depreciation)Pension asset

Capital assetsLeasehold improvements - Furniture and equipment 347,163

Total capital assets 347,163

Total assets 3,273,578

Deferred outflows of resourcesDeferred outflows relating to pensions 763,515

Total assets and deferred outflows of resources 4,037,093$

LIABILITIES

CURRENT LIABILITIESAccounts payable 200,496$ Unearned revenue 683,374

Total current liabilities 883,870

Noncurrent LiabilitiesPension Liability 1,438,001 Compensated absences (due after one year) 350,900

Total noncurrent liabilities 1,788,901

Total liabilities 2,672,771

Deferred Inflows of resourcesDeferred inflows relating to pensions 30,861

Total deferred inflows of resources 30,861

NET POSITION

Investment in capital assets, net of related debt 347,163 Restricted net position - Unrestricted net position 986,298

Total net position 1,333,461

Total liabilities, deferred inflows, and net position 4,037,093$

WASATCH FRONT REGIONAL COUNCILStatement of Net Position

June 30, 2019

The accompanying notes are an integral part of this statement.

9

PrimaryGovernment

Operating OtherGrants and Grants and Government

Functions and Programs Expenses Contributions Contributions Activities

PRIMARY GOVERNMENTGovernment activities

General government 5,748,359$ 5,729,692$ -$ (18,667)$

Total government activities 5,748,359 5,729,692 - (18,667)

Total primary government 5,748,359$ 5,729,692$ -$ (18,667)$

General revenueInvestment earnings 27,889 Sale of capital assets 949,802

Total general revenue 977,691

Changes in net assets 959,024

NET POSITION, JULY 1 374,437

NET POSITION, JUNE 30 1,333,461$

Net (Expense)

Program Revenue

WASATCH FRONT REGIONAL COUNCILStatement of Activities

For the Year Ended June 30, 2019

Revenue and Changes in Net Position


10

Total

Special Building Governmental

General Projects Fund Funds

ASSETS

ASSETS

Cash 5,001$ 49,965$ 1,133,165$ 1,188,131$

Cash - restricted - 683,373 - 683,373

Accounts receivable - 1,029,831 - 1,029,831

Prepaid expenses - 25,081 - 25,081

Total assets 5,001$ 1,788,250$ 1,133,165$ 2,926,416$

LIABILITIES AND FUND BALANCES

LIABILITIES

Accounts payable -$ 200,496$ -$ 200,496$

Unearned revenue - 683,373 - 683,373

Total liabilities - 883,869 - 883,869

FUND BALANCES

Assigned - compensated absences - 360,900 - 360,900

Assigned - special projects - 543,481 - 543,481

Assigned - capital assets - - 1,133,165 1,133,165

Restricted - - - -

Unassigned 5,001 - - 5,001

Total fund balances 5,001 904,381 1,133,165 2,042,547

Total liabilities and fund balances 5,001$ 1,788,250$ 1,133,165$ 2,926,416$

WASATCH FRONT REGIONAL COUNCILBalance Sheet

Governmental Funds

June 30, 2019

The accompanying notes are an integral part of this statement.11

Total fund balance 2,042,547$

Total net assets reported for governmental activities in the statementof net assets are different because:Capital assets used in governmental activities are not financial

resources, and therefore, are not reported in the funds. Those assets consist of:

Furniture and equipment 514,402 Less accumulated depreciation (167,241)

Total capital assets 347,161 347,161

Liability for compensated absences is not recognized at the fund level but is recognized for the government wide statementof net assets. (350,900)

Pension liability is not recognized on the funds statement but isrecorded on the government wide statement. (1,438,001)

Deferred outflows is not recognized on the funds statement but is recorded on the government wide statement. 763,515

Deferred inflows is not recognized on the funds statement but isrecorded on the government wide statement. (30,861)

Total net assets of governmental activities 1,333,461$

WASATCH FRONT REGIONAL COUNCILReconciliation of the Balance Sheet

Governmental Funds to the Statement of Net Position

June 30, 2019


12

Special Building

General Projects Fund Totals

REVENUE

Federal sources -$ 4,357,866$ -$ 4,357,866$

State sources - 294,620 - 294,620

Local sources 20,889 975,622 - 996,511

Other 3,768 24,276 - 28,044

Interest - 20,889 7,000 27,889

Total revenue 24,657 5,673,273 7,000 5,704,930

EXPENDITURES

Administration 1,483 - - 1,483

Planning - 5,571,984 - 5,571,984

Capital outlay 290,000 77,047 - 367,047

Total expenditures 291,483 5,649,031 - 5,940,514

Revenue and other sources (under) over

expenditures and other uses (266,826) 24,242 7,000 (235,584)

Other sources

Proceeds sale of capital assets - - 1,126,165 1,126,165

Transfers (71,415) 71,415 - -

Total other sources (71,415) 71,415 1,126,165 1,126,165

Total revenue under (over) expenditures and other sources (338,241) 95,657 1,133,165 890,581

FUND BALANCE, JULY 1 343,242 808,724 - 1,151,966

FUND BALANCE, JUNE 30 5,001$ 904,381$ 1,133,165$ 2,042,547$

WASATCH FRONT REGIONAL COUNCILStatement of Revenue, Expenditures,

and Changes in Fund Balances - Governmental Funds



NET CHANGES IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 890,581$

The change in net assets reported for governmental activitiesin the statement of activities is different because:Governmental funds report capital outlays as expenditures.

However, in the statement of activities the cost of thoseassets is allocated over their estimated useful lives andreported as depreciation expense. This is the amount bywhich capital outlay ($364,077) is more than depreciationexpense ($42,612). 321,465

The increase in compensated absences is reported in the statement of activitiesbut the liability is not recorded at the fund level. (21,425)

The sale of capital assets in the fund statements is reflected as proceeds andthe gain is recognized as gain or loss in the government wide statements (176,365)

Pension expense is reduced by deferred outflows on the government widestatement. (55,232)

Change in net position of governmental activities 959,024$

WASATCH FRONT REGIONAL COUNCILReconciliation of the Statement of Revenue, Expenditures, and Changes in

Funds Balances - Governmental Funds to the Statement of Activities

June 30, 2019


14

WASATCH FRONT REGIONAL COUNCIL NOTES TO THE FINANCIAL STATEMENTS


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NOTE 1—ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization – The Wasatch Front Regional Council (Council) is a voluntary organization comprised of representatives of local governments located along the Wasatch Front. The Council was organized in 1969 for the purpose of meeting at regular intervals to discuss and study community challenges of mutual interest and concern and to develop policy and action recommendations for ratification and implementation by the governments in the area served by the Council. In evaluating how to define the government, for financial reporting purposes, management has considered all potential component units according to the criteria set forth in Governmental Accounting Standards Board’s (GASB) Statement No. 14 and concluded there are no entities that are considered to be component units of the Council, nor is the Council considered a component unit of any other entity. The Council’s programs are funded by Federal grants, state appropriations and grants, and various local contributions, primarily on a year-to-year basis. Basis of Accounting and Measurement Focus - Basis of accounting refers to when revenue and expenditures or expenses are recognized in the accounts and reported in the financial statements. Government-wide statements are comprised of the statement of net position and the statement of activities. They contain information on all of the activities of the primary government. Most effects of inter-fund activities have been eliminated from these statements. The Statement of Net Position and the Statement of Activities are accounted for using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis of accounting, revenue is recorded when earned, and expenses are recorded at the time liabilities are incurred or the economic asset is used. Revenue, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. The statement of activities is presented to show the extent that program revenue of a given activity supports direct expense. Direct expenses are those that can clearly be associated with a particular activity or program. Program revenue is grants or other contributions that are restricted to operations or a specific activity. General revenue is investment earnings. The Governmental Fund Balance Sheet, and the Statement of Governmental Fund Revenue, and Expenditures and Changes in Fund Balance use the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenue is recognized when susceptible to accrual (i.e., when it becomes both measurable and available). “Measurable” means the amount of the transaction can be determined and “available” means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the related fund liability is incurred. The accounting policies of the Council conform to accounting principles generally accepted in the United States of America applicable to governmental units. The following is a summary of the more significant of such policies: Short-Term Investments – Short-term investments are held by the Utah Public Treasurer’s Investment Fund and are recorded at cost which approximates market value. Capital Assets – The Council capitalizes and depreciates all assets over $1,000 and values the assets at historical

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cost. Depreciation of capital assets is computed using the straight-line method over the following estimated useful lives:

Furniture, fixtures and equipment 3-5 years Accrued Vacation Expense – The cost of employee vacations is recorded as an expenditure at the time it is earned by the employee and is charged to the programs on which the employee works. Accrued Sick Leave – Sick leave benefits are vested and any unused benefits may be redeemed once annually as cash payments for any accrued hours over 80 hours or upon termination of employment. Program Revenue – The Council reports program revenue, operating grants and contributions, and capital grants and contributions. General revenue includes all investment earnings. Reconciliation of Government-Wide and Fund Statements – Governmental funds use the current financial resources measurement focus and the modified accrual basis of accounting, while the government-wide financial statements use the economic resources measurement focus and the accrual basis of accounting. As a result, there are important differences between the assets, liabilities, revenue, and expenses or expenditures reported in the fund financial statements and the government-wide financial statements. As a result, there must be reconciliation between the two statements to explain the differences. A reconciliation is included as part of the fund financial statements. Inter-fund Transactions – In the normal course of its operations, the Council has various transactions between funds. Transfers are recognized as operating transfers in and out, respectively, by the funds receiving and providing the transfer.

Minimum Fund Balance – Utah Code requires that a minimum fund balance of 5% of the total general fund revenue be maintained and not budgeted. Revenue from Local Sources – Revenue from local sources is generally used to meet matching revenue requirements related to Federal grants and for other approved projects. Such revenue from local sources is recognized in the period in which the funds are received. This revenue and the related receivables are principally with local governmental entities represented by the Council. Governmental Funds – Major individual funds are reported in separate columns in the governmental fund's statements. A fund is considered major if it is the general fund of the Council. Other funds are considered major if total assets, liabilities, revenue, or expenditures are at least 10% of the corresponding total for all funds of that category or type. Wasatch Front Regional Council has three major governmental funds; the general fund, special projects fund, and the building fund. The general fund is the main operating fund and accounts for all the financial resources of the Council except those required to be accounted for in another fund. The special projects fund accounts for resources dedicated to regional planning projects. The building fund is to account for future building needs. Prepaids – Payments made for goods and services that will benefit periods beyond June 30, 2019, are recorded as prepaid. Unearned Revenue – Funds which are specifically restricted as to their use are recorded as revenue when the related costs are incurred. Such funds received in advance of costs incurred are recorded as unearned revenue. Restricted sources are used before unrestricted sources. Indirect Costs – Indirect costs are charged to the various programs on a monthly basis. Such costs are comprised of total overhead costs for the month and are allocated based on the total person-hours worked in each program.

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Budget – Annual budgets are adopted by the Board of Council members. Budgets are submitted to the State of Utah. The budgets are adopted using the modified accrual basis of accounting. Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Council to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may differ from those estimated maturities. Deferred Inflows and Outflows In addition to assets, financial statements will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represent a consumption of net position that applies to future period(s) and will not be recognized as an outflow of resources (expense/expenditure) until then. Currently, Wasatch Front has only one deferred outflow relating to pensions. In addition to liabilities, the financial statements will sometimes report a separate section for deferred inflows of resources. This separate financial statement, deferred inflows of resources, represent an acquisition of net position that applies to future period(s) and will not be recognized as an inflow of resources (revenue) until that time. Wasatch Front has only one deferred inflow related to pensions. Pensions For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Utah Retirement Systems Pension Plan (URS) and additions to/deductions from URS’s fiduciary net position have been determined on the same basis as they are reported by URS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.

NOTE 2—CASH AND INVESTMENTS

The Council maintains a cash and investment pool, which includes cash on hand, one cash account, and one investment account. The Council’s deposit and investment policy is to follow the Utah Money Management Act. The Council does not have a separate deposit or investment policy that addresses specific types of deposit and investment risks to which the Council is exposed. Utah State law requires that the Council’s funds be deposited with a “qualified depository” as defined by the Utah Money Management Act. “Qualified depository” includes any depository institution which has been certified by the Utah State Commissioner of Financial Institutions as having met the requirements as defined in Rule 11 of the Utah Money Management Act. Rule 11 establishes the formula for determining the amount of public funds which a qualified depository may hold in order to minimize the risk of loss and defines capital requirements which an institution must maintain to be eligible to accept public funds. The Utah Money Management Act also governs the scope of securities allowed as appropriate temporary investments for the Council and conditions for making investment transactions. Investment transactions are to be conducted through qualified depositories or primary reporting dealers.

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As of June 30, 2019, the Council had the following deposits and investments:

Deposit and Investment Type Fair Value

Cash on deposit 355,632$ State Treasurer's investment pool 1,644,552

Total 2,000,184$

The Council is authorized to invest in the Utah Public Treasurer’s Investment Fund (PTIF), an external pooled investment fund managed by the Utah State Treasurer and subject to the Act and Council requirements. The PTIF is not registered with the SEC as an investment company, and deposits in the PTIF are not insured or otherwise guaranteed by the State of Utah. The PTIF operates and reports to participants on an amortized cost basis. The income, gains, and losses, net of administration fees, of the PTIF are allocated based upon the participants’ average daily balances. As of June 30, 2019, the Utah Public Treasurer’s Investment Fund was unrated. As of June 30, 2019, the Council had the following investments:

Less Than More ThanFair Value 1 Year 1 - 10 Years 10 Years

State of Utah Public Tresurer 1,644,552$ 1,644,552$ -$ -$ Investment fund - - - -

Total investments 1,644,552$ 1,644,552$ -$ -$

Investment Maturities (in Years)

Credit Risk – Credit risk is the risk that the counterparty to an investment will not fulfill its obligations. The local government’s policy for limiting the credit risk of investments is to comply with the Money Management Act. Interest Rate Risk – Interest rate risk is the risk that, changes in interest rates of debt investments, will adversely affect the fair value of an investment. The Council manages its exposure to declines in fair value by only investing in the PTIF. Custodial Credit Risk – Deposits – In the case of deposits, this is the risk that in the event of a bank failure, the Council’s deposits may not be returned. As of June 30, 2019, $250,000 of the Council’s deposits were covered by federal insurance. Custodial Credit Risk – Investments – In the case of investments, this is the risk that in the event of the failure of the counterparty, the Council will not be able to recover the value of its investments that are in the possession of an outside party. The Utah Public Treasurer’s Investment Fund is an external deposit and investment pool wherein governmental entities are able to pool the monies from several entities to improve investment efficiency and yield. These monies are invested primarily in money market securities and contain no withdrawal restrictions. As such, the monies invested in this fund are not insured and are uncollateralized, and are subject to the same market risks as any similar investment in money market funds.

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Components of cash and investments (including interest earning deposits) on June 30, 2019, are as follows:

Cash on hand 300$ Cash in bank 226,651 Utah State Treasurer's investment pool 1,644,552

Total 1,871,503$

Cash and investments are included in the accompanying statement of net assets as follows:

Cash 1,188,129$ Restricted cash 683,374

Total 1,871,503$

The Council categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the assets. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. The association has the following recurring fair value measurements as of June 30, 2019: Public Treasurer’s Investment fund position is $1,188,129. The unit of account is each share held, and the value of the position is the fair value of the Pool’s share price multiplied by the number of shares held (Level 2).

NOTE 3—ACCOUNTS RECEIVABLE

Accounts receivable from all sources as of June 30, 2019, consisted of the following: There is no allowance for uncollectable accounts.

UDOT Consolidated Planning Grant 640,993$ UDOT - Transportation and Land Use Connection 341,625 UDOT - Model development 20,607 Morgan RPO 1,204 CDBG 10,138 UTA - Mobility management 2,175 MAG - Model development 7,728 TLC - Local match 4,540 Other 821

Total 1,029,831$

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NOTE 4—PROPERTY AND EQUIPMENT

A summary of changes in property and equipment for the year ended June 30, 2019, is as follows:

Balance BalanceJune 30, June 30,

2018 Additions Retirement 2019

Non-depreciated assetsLand 105,888$ -$ (105,888)$ -$

Total non-depreciated assets 105,888 - (105,888) -

Depreciated assetsBuilding 952,993 - (952,993) - Leasehold improvements 44,262 - (44,262) - Equipment, furniture, and fixtures 319,258 364,078 (168,931) 514,405

Total depreciated assets 1,316,513 364,078 (1,166,186) 514,405

Less accumulated depreciationBuilding 896,933 - (896,933) - Leasehold improvements 29,846 - (29,846) - Equipment, furniture, and fixtures 293,561 42,612 (168,931) 167,242

Total accumulated depreciation 1,220,340 42,612 (1,095,710) 167,242

Net property and equipment 202,061$ 321,466$ (176,364)$ 347,163$

Depreciation expense was $42,612 for general government. NOTE 5—LONG-TERM DEBT

A summary of changes in long-term debt for the year ended June 30, 2019, is as follows:

June 30, June 30, Within2018 Additions Reductions 2019 One Year

Compensated absencesPension liability 817,034$ 620,967$ -$ 1,438,001$ -$ Sick leave 127,392 37,392 - 164,784 - Vacation 202,083 - (15,967) 186,116 -

Total 1,146,509 658,359 (15,967) 1,788,901 -

Total long-term liabilities 1,146,509$ 658,359$ (15,967)$ 1,788,901$ -$

NOTE 6—NET POSITION

The unrestricted net position of the special projects fund on June 30, 2019, was designated by the

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Council for future programs, local matching for Federally-funded projects, and compensated absences. The assigned balance of the building fund is for future building projects.

NOTE 7—RISK MANAGEMENT

The Council is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters for which the Council carries commercial insurance. The Council carries a Workers’ Compensation Policy for which the premiums are based on past experience.

NOTE 8—RETIREMENT PLANS

General Information About the Pension Plan Plan description: Eligible plan participants are provided with pensions through the Utah Retirement Systems. Utah Retirement Systems are comprised of the following Pension Trust Funds: Public Employees Noncontributory Retirement System (Noncontributory System); is a multiple employer, cost-sharing, public employee retirement system. Tier 2 Public Employees Contributory Retirement System (Tier 2 Public Employees System) is a multiple employer, cost-sharing, public employee retirement system; The Tier 2 Public Employees System became effective July 1, 2011. All eligible employees beginning on or after July 1, 2011, who have no previous service credit with any of the Utah Retirement Systems, are members of the Tier 2 Retirement System. The Utah Retirement Systems (Systems) are established and governed by the respective sections of Title 49 of the Utah Code Annotated 1953, as amended. The Systems’ defined benefit plans are amended statutorily by the State Legislature. The Utah State Retirement Office Act in title 49 provides for the administration of the Systems under the direction of the Utah State Retirement Board, whose members are appointed by the Governor. The Systems are fiduciary funds defined as pension (and other employee benefit) trust funds. URS is a component unit of the State of Utah. Title 49 of the Utah Code grants the authority to establish and amend the benefit terms. URS issues a publicly available financial report that can be obtained by writing Utah Retirement Systems, 560 East 200 South, Salt Lake City, Utah 84102 or visiting the website: www.urs.org.

Benefits provided: URS provides retirement, disability, and death benefits. Retirement benefits are as follows: Contributions: As a condition of participation in the Systems, employers and/or employees are required to contribute certain percentages of salary and wages as authorized by statute and specified by the Utah State Retirement Board. Contributions are actuarially determined as an amount that, when combined with employee contributions (where applicable) is expected to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded actuarial accrued liability. Contribution rates as of June 30, 2019, are as follows:

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Summary of Benefits by System

Years of Service Required Benefit Percent

Final Average and/or Age Eligible Per Year

System Salary For Benefit of Service COLA**

Noncontributory Highest of 3 years 30 Years any age 2.0% Per year all years Up to 4%

System 25 Years any age *

20 years age 60*

10 Years age 62*

4 Years age 65

Tier 2 Public Highest 5 years 35 Years any age 1.5% Per year all years Up to 2.5%

Employees System 20 Years any age 60*

10 Years age 62*

4 Years age 65

*With actuarial reductions ** All post retirement cost-of-living adjustments are non-compounding and are based on the original benefit except for Judges, which is a compounding benefit. The cost-of-living adjustments ae also limited to the actual Consumer Price index (CPI) increases for the year, although unused CPI increases not met may be carried forward to subsequent years. Contribution Rate summary As a condition of participation in the Systems, employers and or employees are required to contribute certain percentages of salary and wages as authorized by statute and specified by the Utah State Retirement Board. Contributions are actuarially determined as an amount that, when combined with employee contributions (where applicable) is expected to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded actuarial accrued liability. Contributions rates as of June 30, 2019 are as follows:

Employer EmployerEmployee Contribution Rate for

Paid Rate 401(k) Plan

Contribution System111 Local Government Div Tier 2 N/A 15.54 1.15

Noncontributory System15 Local Government Div. Tier 1 N/A 18.47 N/A

Tier 2 DC Only N/A 6.69 10.00211 Local Government

Tier 2 rates include a statutorily required contribution to finance the unfunded actuarial accrued liability of the Tier 1 plans. For fiscal year ended June 30, 2019, the employer and employee contributions to the Systems were as follows:

23

Employer Employee System Contributions Contributions

Noncontributory system 321,464$ N/ATier 2 Public Employees System 83,486 -Tier 2 DC Only System 3,996 N/A

Total contributions 408,946$ -

Contributions reported are the URS Board approved required contributions by System. Contributions in the Tier 2 System are used to finance the unfunded liabilities in the Tier 1 Systems.

Pension Assets, Liabilities, Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June 30, 2019, we reported a net pension asset of $0 and a net pension liability of $1,438,001.

Net Net ProportionatePension Pension Proportionate Share ChangeAsset Liability Share Dec. 31, 2015 (Decrease)

Noncontributory System -$ 1,418,381$ 0.1926173% 0.1855225% 0.0070948%Tier 2 Public -$ 19,620 0.0458105% 0.0476816% 0.0018711%

Total -$ 1,438,001$

The net pension asset and liability were measured as of December 31, 2018, and the total pension liability used to calculate the net pension asset and liability was determined by an actuarial valuation as of January 1, 2018, and rolled forward using generally accepted actuarial procedures. The proportion of the net pension asset and liability is equal to the ratio of the employer’s actual contributions to the Systems during the plan year over the total of all employer contributions to the System during the plan year. For the year ended June 30, 2019, we recognized pension expense of $464,133 At June 30, 2019, we reported deferred outflows of resources and deferred inflows of resources relating to pensions from the following sources:

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Deferred Deferred

Outflows of Inflows of

Resources Resources

Differences between expected and actual experience 18,380$ 30,509$

Changes in assumptions 197,926 352

Net difference between projected and actual earnings

on pension plan investments 301,538 -

Changes in proportion and differences between

contributions and proportionate share of contributions 40,623 -

Contributions subsequent to the measurement date 208,048 -

Total 766,515$ 30,861$

$208,048 was reported as deferred outflows of resources related to pensions results from contributions made by us prior to our fiscal year-end, but subsequent to the measurement date of December 31, 2018. These contributions will be recognized as a reduction of the net pension liability in the upcoming fiscal year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Deferred

Outflows

(Inflows) of

Year Ended December 31, Resources

2019 232,534$

2020 99,922

2021 45,180

2022 142,944

2023 563

Thereafter 3,464

Actuarial assumptions: The total pension liability in December 31, 2018, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Inflation 2.50 Percent

Salary increases 3.25 - 9.75 Percent, average, including inflation

Investment rate of return 6.95 Percent, net of pension plan investment

expense, including inflation Mortality rates were developed from actual experience and mortality tables, based on gender,

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Scale AA, a model developed by the Society of Actuaries. As for the actuarial assumptions used on January 1, 2018, the valuation was based on the results of an actuarial experience study for the five-year period ending December 31, 2016. The long-term expected rate of return on pension plan investments was determined using a building- block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class and is applied consistently to each defined benefit pension plan. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Long-termAnnual Return Expected

Target Asset Arithmetic Portfolio RealAsset Class Allocation Basis Rate of Return

Equity securities 40% 6.15% 2.46%Debt securities 20% 0.40% 0.08%Real assets 15% 5.75% 0.86%Private equity 9% 9.95% 0.89%Absolute return 16% 2.85% 0.46%Cash and cash equivalents 0% 0% 0%

100% 4.75%Inflation 2.50%Expected arithmetic nominal retrun 7.25%

The 6.95% assumed investment rate of return is comprised of an inflation rate of 2.50%, a real return of 4.45% that is net of investment expense. Discount rate: The discount rate used to measure the total pension liability was 7.20%. The projection of cash flows used to determine the discount rate assumed that employee contributions will be made at the current contribution rate and that contributions from all participating employees will be made at contractually required rates that are actuarially determined and certified by the URS Board. Based on those assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of currently active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. The discount rate remained unchanged at 6.95 percent. Sensitivity of the proportionate share of the net pension asset and liability to changes in the discount rate: The following presents the proportionate share of the net pension liability calculated using the discount rate of 6.95%, as well as what the proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.95%) or 1- percentage-point higher (7.95%) than the current rate:

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Discount1% Decrease Rate 1% Increase

System 5.95% 6.95% 7.95%

Non-contributory System 2,906,915$ 1,418,381$ 178,825$ Tier 2 Public Employees System 78,600 19,620 (25,899)

Total 2,985,515$ 1,438,001$ 152,926$

Pension plan fiduciary net position: Detailed information about the pension plan’s fiduciary net position is available in the separately issued URS financial report. Defined Contribution Savings Plans The Defined Contribution Savings Plans are administered by the Utah Retirement Systems Board and are generally supplemental plans to the basic retirement benefits of the Retirement Systems, but may also be used as primary retirement plans. These plans are voluntary tax-advantaged retirement savings programs authorized under sections 401(k), 457(b) and 408 of the Internal Revenue Code. Detailed information regarding plan provisions is available in the separately issued URS financial report. Wasatch Front Regional Council participates in the following Defined Contribution Savings Plans with Utah Retirement Systems:

401(k) Plan 457(b) Plan

Employee and employer contributions to the Utah Retirement Defined Contributions Savings Plans for the fiscal year ended June 30, were as follows:

2019 2018 2017

401(k) PlanEmployer contributions 267,085$ 132,318$ 17,535$ Employee contributions 5,772 52,034 48,287

457 PlanEmployer contributions - - - Employee contributions 162,850 130,851 137,664

The increase in 401(k) Employer contributions from 2018 to 2019 is due to a change in vendors. In 2018 a portion of these funds were contributed to ICMA Retirement Corporation. In 2019 the Council ended those contributions to ICMA and instead made them to the employees’ Utah State Retirement 401(k) accounts.

NOTE 9— ECONOMIC DEPENDENCY

The Council receives a substantial amount of its revenue from the U.S. Department of Transportation. This agency provides 68% of the Council’s total revenue. Loss of this support could adversely affect the Council’s activities.

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NOTE 10— RESTRICTED CASH

The Council has restricted cash in the amount of $683,373 for advanced grant payments and outside restrictions.

NOTE 11 – NEWLY ISSUED ACCOUNTING STANDARDS

The GASB has issued the following statements that will apply to the Commission in future years:

GASB 83 Certain Retirement Obligations GASB 84 Fiduciary Activities GASB 87 Leases GASB 88 Certain Disclosures Related to Debt, Including Direct Borrowings and Direct Placements GASB 89 Accounting for interest cost incurred before the end of a construction period GASB 90 Majority Equity Interests and amendment of GASB statements No 14 and no. 61

GASB 87 will impact the financial for operating leases and will be shown on the balance sheet as an asset and a liability. None of the other statements will impact the financial statements.

NOTE 12— FUND BALANCE

These financial statements include the provisions of GASB Statement No. 54, which redefined how fund balances of the governmental funds are presented in the financial statement. Fund balances are classified as follows: Non-spendable – Amounts that cannot be spent either because they are not in a spendable form or because they are legally or contractually required to be maintained intact. Restricted – Amounts that can be spent only for specific purposes because of state or federal laws or externally imposed conditions by grantors or creditors. Committed – Amounts that can be used only for specific purposes determined by a formal action of the Council. Assigned – Amounts that are designated by the Council for a specific purpose but are not spendable until specific conditions are met. Unassigned – All amounts not included in the other spendable classifications. The details of the fund balances are included in the Governmental Funds Balance Sheet (page 11). Restricted funds are used first as appropriate. Assigned funds are used when specific conditions are met such as a request for reimbursement to the Department of Workforce Services for a claim for unemployment compensation. Decreases to the fund balance first reduce Unassigned Fund Balance; in the event that Unassigned Fund Balance becomes zero, then Assigned and Committed Fund Balances are used in that order.

NOTE 13— LEASES

The Council signed a contract in October of 2018 to lease a new office space which was remodeled and the entity took occupancy in the new building in March of 2019. The rent paid for the year ending June 30, 2019, was $318,466. The yearly rent expense for the next five years is as follows:

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Year ending Amount

June 30, 2020 296,388$ June 30, 2021 305,262 June 30, 2022 314,472 June 30, 2023 323,946 June 30, 2024 328,728

The lease can be terminated by the provisions of the lease agreement and may be extended after the lease term.

NOTE 14-TRANSFERS

The Council transferred $71,415 from the special projects fund to the general fund for operating expenses.

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REQUIRED SUPPLEMENTARY INFORMATION

Actual AmountsBudgetary Variance with

Original Final Basis Final Budget

REVENUEFederal sources 59,429$ 59,429$ -$ (59,429)$ State sources 6,513 6,513 - (6,513) Local sources 15,468 15,468 20,889 5,421 Other 10,500 10,500 3,768 (6,732) Interest - - - -

Total revenue 91,910 91,910 24,657 (67,253)

EXPENDITURESAdministration 1,700 1,700 1,483 (217) Capital outlay 45,000 290,000 290,000 -

Total expenditures 46,700 291,700 291,483 (217)

Excess of revenue over expenditures(usage of fund balance) 45,210 (199,790) (266,826) (67,036)

Other sources

Transfers in - - (71,415) - Transfers out - - - -

Net change in fund balance 45,210 (199,790) (338,241) (67,036)

FUND BALANCE, JULY 1 343,242 343,242 343,242 -

FUND BALANCE, JUNE 30 388,452$ 143,452$ 5,001$ (67,036)$

Budgeted Amounts

WASATCH FRONT REGIONAL COUNCILBudgetary Comparison Schedule

General Fund



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REVENUEFederal sources 4,684,030$ 4,684,030$ 4,357,866$ (326,164)$ a

State sources 536,487 536,487 294,620 (241,867) Local sources 1,319,591 1,319,591 975,622 (343,969) Other - - 24,276 24,276 Interest - - 20,889 20,889

Total revenue 6,540,108 6,540,108 5,673,273 (866,835)

EXPENDITURESPlanning 6,540,108 6,540,108 5,571,984 (968,124) Capital Outlay - 77,047 77,047 -

Total expenditures 6,540,108 6,617,155 5,649,031 (968,124)

Excess of revenue over expenditures(usage of fund balance) - (77,047) 24,242 101,289

Other sourcesTransfers out - - 71,415 (71,415) Transfers in - - - -

Net change in fund balance - (77,047) 95,657 101,289

FUND BALANCE, JULY 1 808,724 808,724 808,724 -

FUND BALANCE, JUNE 30 808,724$ 731,677$ 904,381$ 101,289$

Footnote revenue variance

a - When new projects are added the entire contract is included in the budget year in which it was received. However many

projects are multi-year projects. Amounts not spent at the end of the fiscal year are carried forward and re-budgeted in

subsequent years until the project is complete.

Budgeted Amounts

Wasatch Front Regional CounciBudgetary Comparison Schedule

Special Projects FundFor the Year Ended June 30, 2019


Tier 2 PublicNoncontributory Employees

System System

Proportion of the net pension liability (asset2015 0.1707007% 0.0407256%2016 0.1774581% 0.0430644%2017 0.1838020% 0.0542080%2018 0.1855225% 0.0476816%2019 0.1926173% 0.0458105%

Proportionate share of the net pension liability (asset)2015 741,223$ (1,234)$ 2016 1,004,144 (94) 2017 1,180,234 6,047 2018 812,830 4,204 2019 1,418,381 19,620

Covered employee payroll2015 1,402,300$ 199,888$ 2016 1,449,896 278,274 2017 1,507,181 444,548 2018 1,516,557 466,787 2019 1,613,028 535,216

Proportionate share of the net pension liability (asset as a

percentage of its covered employee payroll

2015 52.9% -0.06%2016 69.3% -0.03%2017 78.3% 1.36%2018 53.6% 0.90%2019 87.9% 3.67%

Plan fiduciary net pension as a percentage of the total pension

liability

2015 90.2% 103.5%2016 87.8% 100.2%2017 87.3% 95.1%

2018 91.9% 97.4%2019 87.0% 90.8%

Wasatch Front Regional Council

Schedule of the Proportionate Share of the Net Pension LiabilityDecember 31, 2019

Last 10 Fiscal Years*

Schedule of Required Supplementary Information

* In accordance with paragraph 81.a of GASB 68, employers will need to disclose a 10‐year history proportionate share of the Net Pension Liability (Asset) in their RSI. This schedule will be built prospectively. The schedule above is only for the current year.


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As of Fiscal YeaEnded June 30

Actuarial Determined

Contributions

Contributions in Relation to the Contractually

Required Contribution

Contribution Deficiency (excess)

Covered Employee

Payroll

Contributions as a Percentage of

Covered Employee Payroll

2015 252,255$ 252,255$ -$ 1,365,759$ 18.47%

2016 275,203 275,203 - 1,489,997 18.47%

2017 282,809 282,809 - 1,531,176 18.47%

2018 282,164 282,164 - 1,527,690 18.47%

2019 321,464 321,464 - 1,740,467 18.47%

2015 33,858 33,858 - 226,625 14.94%

2016 52,322 52,322 - 350,920 14.91%

2017 72,155 72,155 - 483,938 14.91%

2018 76,192 76,192 - 504,252 15.11%

2019 83,486 83,486 - 537,232 15.54%

2015 6,728 6,728 - 100,120 6.72%

2016 5,914 5,914 - 88,400 6.69%

2017 5,968 5,968 - 89,203 6.69%

2018 5,922 5,922 - 88,511 6.69%

2019 3,996 3,993 - 59,724 6.69%

Noncontributory system

Tier 2 Public employees system *

Tier 2 Public Employees DC only system *

WASATCH FRONT REGIONAL COUNCILSchedule of Required Supplementary Information

Schedule of ContributionsUtah Retirement Systems

* Contributions in Tier 2 include an amortization rate to help fund the unfunded liabilities in the Tier 1 systems. Tier 2 systems were rerated effective July 1, 2011.

Paragraph 81.b of GASB 68 requires employers to disclose a 10‐year history of contributions in RSI. Contributions as a percentage of covered‐payroll may be different than the board certified rate due to rounding and other administrative issues.


33


Notes to Required Supplementary InformationFor the Fiscal Year Ended June 30, 2019

Changes of Assumptions

The assumptions and methods used to calculate the total pension liability remain unchanged from the

prior year.


34

35

SUPPLEMENTARY INFORMATION



REVENUEFederal sources -$ -$ -$ -$ aState sources - - - - Local sources - - - - Other - - - - Interest - 7,000 7,000 -

Total revenue - 7,000 7,000 -

EXPENDITURESAdministration - - - - Planning - - - - Capital outlay - - - -

Total expenditures - - - -

Excess of revenue over expenditures(usage of fund balance) - 7,000 7,000 -

Other sources - Proceeds sale of assets - 1,126,165 1,126,165 - Transfers out - - - - Transfers in - - - -

Total other sources - 1,126,165 1,126,165 - Net change in fund balance - 1,133,165 1,133,165 -

FUND BALANCE, JULY 1 - - - -

FUND BALANCE, JUNE 30 -$ 1,133,165$ 1,133,165$ -$

Wasatch Front Regional CouncilBudgetary Comparison Schedule

Building FundFor the Year Ended June 30, 2019

Budgeted Amounts


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INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE AND ON INTERNAL CONTROLS OVER COMPLIANCE IN ACCORDANCE WITH THE STATE COMPLIANCE AUDIT GUIDE Members of the Council and Andrew Gruber Wasatch Front Regional Council Salt Lake Council, Utah Report on Compliance We have audited the Wasatch Front Regional Council’s compliance with the applicable state compliance requirements described in the State Compliance Audit Guide, issued by the Office of the state Auditor, that could have a direct and material effect on Wasatch Front Regional Council for the year ended June 30, 2019. State compliance requirements were tested for the year ended June 30, 2019, in the following areas:

Cash Management Budgetary Compliance Restricted Cash and Related Revenue

Fund Balance Utah Retirement Systems Compliance Treasure Bond Open and Public Meetings Act

Management’s Responsibility Management is responsible for compliance with the state requirements referred to above. Auditors’ Responsibility Our responsibility is to express an opinion on Wasatch Front Regional Council’s compliance based on our audit of the state compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; and the State Compliance Audit Guide. Those standards and the State Compliance Audit Guide require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the state compliance requirements referred to above that could have a direct and material effect on a state compliance requirement, occurred. An audit includes examining, on a test basis, evidence about Wasatch Front Regional Council’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each state compliance requirement referred to above. However, our audit does not provide a legal determination of Wasatch Front Regional Council’s compliance with those requirements.

Opinion on Compliance In our opinion, Wasatch Front Regional Council complied, in all material respects, with the state compliance requirements referred to above for the year ended June 30, 2019. Report on Internal Control Over Compliance Management of Wasatch Front Regional Council is responsible for establishing and maintaining effective internal control over compliance with the state compliance requirements referred to above. In planning and performing our audit of compliance, we considered Wasatch Front Regional Council’s internal control over compliance with the state compliance requirements referred to above to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance with those state compliance requirements and to test and report on internal control over compliance in accordance with the State Compliance Audit Guide, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of Wasatch Front Regional Council’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent or to detect and correct noncompliance with a state compliance requirement on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a state compliance requirement will not be prevented or detected and corrected on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a state compliance requirement that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control and compliance and the results of that testing based on the requirements of the State Compliance Audit Guide. Accordingly, this report is not suitable for any other purpose. Karren Hendrix Stagg Allen and Company Salt Lake City, Utah September 13, 2019

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Members of the Council and Andrew Gruber Wasatch Front Regional Council Salt Lake Council, Utah We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of Wasatch Front Regional Council, Utah, as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise Wasatch Front Regional Council’s basic financial statements and have issued our report thereon dated September 13, 2019. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered Wasatch Front Regional Council’s internal control over financial reporting (internal control) to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Wasatch Front Regional Council’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of Wasatch Front Regional Council’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit, we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether Wasatch Front Regional Council’s financial

statements are free of material misstatement, we performed tests of its compliance with certain provisions, laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Karren, Hendrix, Stagg, Allen & Company Salt Lake City, Utah September 13, 2019

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY UNIFORM GUIDANCE REQUIREMENTS Members of the Council and Andrew Gruber Wasatch Front Regional Council Salt Lake Council, Utah Report on Compliance for Each Major Federal Program We have audited the Wasatch Front Regional Council’s compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each of the Wasatch Front Regional Council’s major federal programs for the year ended June 30, 2019. Wasatch Front Regional Council’s major federal programs are identified in the summary of auditors’ results section of the accompanying Schedule of Findings and Questioned Costs. Management’s Responsibility Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its federal programs. Auditors’ Responsibility Our responsibility is to express an opinion on compliance for each of the Wasatch Front Regional Council’s major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Those standards and the Uniform Guidance required that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the type of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the Wasatch Front Regional Council’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of the Wasatch Front Regional Council’s compliance. Opinion on Each Major Federal Program In our opinion, the Wasatch Front Regional Council, complied, in all material respects, with the types of

compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2019. Report on Internal Control over Compliance Management of the Wasatch Front Regional Council, Utah is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the Wasatch Front Regional Council’s internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the Wasatch Front Regional Council’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirements of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance which we consider to be a material weakness. However, martial weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirement of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Karren Hendrix Stagg Allen and Company Salt Lake City, Utah September 13, 2019

Federal State 2018-2019CFDA Grant Expenditures

U.S. Department Description Number Number (Accrual Basis)

U.S. DEPARTMENT OF TRANSPORTATION

Federal Highway Administration Consolidate Planning Grant (throughUtah Department of Transportation) 20.205 19-8056 3,477,006$

Federal Highway Administration Pass through from UDOT for Model Development 20.205 82,083

Federal Highway Administration Consolidated Planning Grant (throughUDOT, through Mountainlands AOG) 20.205 42,281

Federal Highway Administration STP Funds passed through UDOTTransportation and Land UseConnection Program Salt Lake County 20.205 14-8915 395,531

Federal Highway Administration STP Funds passed through UDOTTransportation and Land Use ConnectionProgram Weber and Davis Counties 20.205 14-8969 237,842

Total Federal Highway Administration 4,234,743

Federal Transit Administration Mobility Management Study (throughUtah Transit Authority) 20.513 18-2580 3,208

Total Federal Transit Administration 3,208

TOTAL U.S. DEPARTMENT OF TRANSPORTATION 4,237,951

U.S. DEPARTMENT OF COMMERCE

Department of Economic Development Support for planning organizations 11.302 ED160EN3020587 70,000

TOTAL DEPARTMENT OF COMMERCE 70,000

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Community Development Block Grant Small city CDBG assistance fromthe State Department of WorkforceServices passed through TooeleCounty, B-17-DC-49-0001 14.228 19-0415 49,915

Total U.S. Department of Housing and Urban Development 49,915

TOTAL FEDERAL FINANCIAL ASSISTANCE 4,357,866

WASATCH FRONT REGIONAL COUNCILSchedule of Federal Financial Assistance



WASATCH FRONT REGIONAL COUNCIL NOTES TO FEDERAL AWARDS


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NOTE 1 - PURPOSE OF THE SCHEDULE The accompanying Schedule of Expenditures of Federal Awards is a supplementary schedule to the Council's financial statements and is presented for purposes of additional analysis. Because the schedule presents only a selected portion of the activities of the Council, it is not intended to, and does not present financial position, changes in fund balances, or the current funds, revenue, expenditures, and other changes of the Council.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The information in the schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards. Federal Awards Pursuant to Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards assistance is defined by a federal agency, either directly or indirectly in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriation. Accordingly, non-monetary federal assistance, including federal surplus property, would be included in federal awards, if applicable, and therefore, would be reported on the schedule in federal awards. Federal awards include direct federal cash assistance to individuals. Type A and Type B Programs The Single Audit Act Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements Cost Principles, and Audit Requirements for Federal Awards establish the levels of expenditures or expenses to be used in defining Type A and Type B federal award programs. Type A programs, for the Council, are those programs which exceed $750,000 in federal expenditures, distributions, or issuances for the fiscal year ended June 30, 2019. Reporting Entity The reporting entity is fully described in Note 1 of the Council financial statements. The schedule includes all federal award programs administered by the Council for the year ended June 30, 2019. Basis of Accounting The expenditures in the schedule are recognized as incurred based on the modified accrual basis of accounting and the cost accounting principles contained in the Uniform Guidance, Cost Principles for State and Local Governments. Under those cost principles, certain types of expenditures are not allowable or are limited as to reimbursement. Matching Costs The schedule does not include matching expenditures. 10% De Minimis Indirect Cost Rate The entity did not choose to use the 10% minimis cost rate. Direct and Indirect Flow-Through Federal Assistance Some of the Council's Federal awards are received directly from the granting federal agency. However, the majority of federal awards as identified on the schedule are passed through a separate entity prior to receipt by the Council. Sub-recipients The Council does not pass through to any sub-recipients.

WASATCH FRONT REGIONAL COUNCIL SCHEDULE OF FINDINGS AND QUESTIONED COSTS


45

SUMMARY OF AUDITORS’ RESULTS

1. The auditors’ report expresses an unqualified opinion on the financial statements.

2. No significant deficiencies relating to the audit of the financial statements are reported.

3. No instances of noncompliance material to the financial statements of Wasatch Front Regional Council were disclosed by the audit.

4. No significant deficiencies relating to the audit of the major federal award programs are reported in the accompanying schedule.

5. The auditors’ report on compliance for the major federal award program of Wasatch Front Regional Council expresses an unqualified opinion.

6. There are no audit findings relating to the federal award programs that are required to be reported.

7. The program tested as a major program was Federal Highway Administration, CFDA Number 20.205.

8. The threshold used for distinguishing Types A and B programs was $750,000.

9. Wasatch Front Regional Council was determined to be a low-risk auditee as defined by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.

FINDINGS - FINANCIAL STATEMENT AUDIT

None FINDING AND QUESTIONED COSTS - MAJOR FEDERAL AWARDS PROGRAMS AUDIT

None

WASATCH FRONT REGIONAL COUNCIL SCHEDULE OF FINDINGS AND QUESTIONED COSTS

PRIOR YEAR

46

FINDINGS - FINANCIAL STATEMENT AUDIT None FINDING AND QUESTIONED COSTS - MAJOR FEDERAL AWARDS PROGRAMS AUDIT None

TOOELE LOCAL

CPG TRANSIT VALLEY GOVT MOBILITY

DESCRIPTION GRANT SUPPORT RPO SERVICE MGMT

REVENUES

Federal sources: 3,477,005.58 - - - 3,208.46

Total federal sources 3,477,005.58 - - - 3,208.46

State sources:

State funds 140,000.00 - - - -

Total state sources 140,000.00 - - - -

Local sources:

Cities and counties 69,427.17 - 7,940.87 -

Gain on sale of asset

Other 43,059.46 115,947.54 - - -

Total local sources 112,486.63 115,947.54 7,940.87 - -

TOTAL REVENUE 3,729,492.21 115,947.54 7,940.87 - 3,208.46

EXPENDITURES

Salaries and employee benefits 2,556,834.18 83,000.03 5,812.64 54.56 2,582.76

Contractual services 175,923.50 - - 3,000.00 -

Equipment - purchase - - - - -

Equipment - rental 16,177.46 - - - -

Equipment - repair/maintenance - - - - -

Rent - building - - - - -

Rent - building operating exp - - - - -

Travel 57,453.15 - 68.87 2,712.25 -

Training 29,227.91 - - 1,010.61 -

Publications 2,622.88 - - - -

Supplies & software 38,939.26 - - 12,632.42 -

Telephone & data - - - - -

Accounting - - - - -

Dues and subscriptions 16,547.46 - - - -

Insurance - - - - -

Legal 2,500.00 - - - -

Miscellaneous - - - - -

Bank charges and other - - - - -

Indirect cost 833,266.41 32,947.51 2,059.36 30.51 625.70

TOTAL EXPENDITURES 3,729,492.21 115,947.54 7,940.87 19,440.35 3,208.46

OTHER REVENUE/(EXPENSE)

Interest income - - - 19,440.35 -

TOTAL OTHER REV/(EXP) - - - 19,440.35 -

Excess of revenue over (under) expenditures (0.00) (0.00) (0.00) - -

(under) expenditures 3,729,492$ 115,948$ 7,941$ -$ 3,208.46

WASATCH FRONT REGIONAL COUNCILSCHEDULE OF REVENUE AND EXPENDITURES BY PROGRAM


CIB $2K ECONOMIC CDBG TLC TLC

DESCRIPTION GRANT DEVELOPMENT TOOELE SL WD

REVENUES

Federal sources: - 70,000.00 49,914.93 395,531.28 237,841.52

Total federal sources - 70,000.00 49,914.93 395,531.28 237,841.52

State sources:

State funds 2,000.00 - - 91,408.22 11,427.27

Total state sources 2,000.00 - - 91,408.22 11,427.27

Local sources:

Cities and counties - 70,000.00 - 264,963.28 203,792.75


Other - - - 74,645.92 39,642.86

Total local sources - 70,000.00 - 339,609.20 243,435.61

TOTAL REVENUE 2,000.00 140,000.00 49,914.93 826,548.70 492,704.40

EXPENDITURES

Salaries and employee benefits 1,260.82 80,585.47 29,520.24 117,916.30 88,437.22

Contractual services - 31,947.76 - 634,390.02 348,585.37


Equipment - rental - - - - -




Travel - 1,631.77 209.59 2,245.91 1,684.43

Training - 3,106.52 9.98 3,704.21 2,778.15

Publications - - - 358.07 268.56

Supplies & software - 49.27 117.15 61.26 45.95



Dues and subscriptions - - - - -

Insurance - - - - -

Legal - - - - -



Indirect cost 739.18 22,679.21 20,057.97 67,872.93 50,904.72

TOTAL EXPENDITURES 2,000.00 140,000.00 49,914.93 826,548.70 492,704.40


Interest income - - - - -

TOTAL OTHER REV/(EXP) - - - - -

Excess of revenue over (under) expenditures - - - - (0.00)



DAVIS MAG

TLC MORGAN COUNTY LEGISLATIVE MODEL

DESCRIPTION TOOELE RPO RANKING CONSULTANT DEVELOPMENT

REVENUES

Federal sources: - - - - 42,280.95

Total federal sources - - - - 42,280.95

State sources:

State funds 39,179.50 10,605.15 - - -

Total state sources 39,179.50 10,605.15 - - -

Local sources:

Cities and counties 6,000.00 11,203.72 - 48,551.15 -


Other 20,000.00 - - - -

Total local sources 26,000.00 11,203.72 - 48,551.15 -

TOTAL REVENUE 65,179.50 21,808.87 - 48,551.15 42,280.95

EXPENDITURES

Salaries and employee benefits - 15,153.99 - - 23,866.43

Contractual services 65,179.50 - - 50,000.00 11,499.65


Equipment - rental - - - - -




Travel - 725.23 - - -

Training - - - - -

Publications - - - - -

Supplies & software - - - - -



Dues and subscriptions - - - - -

Insurance - - - - -

Legal - - - - -



Indirect cost - 5,929.65 - - 6,914.87

TOTAL EXPENDITURES 65,179.50 21,808.87 - 50,000.00 42,280.95


Interest income - - - 1,448.85 -

TOTAL OTHER REV/(EXP) - - - 1,448.85 -

Excess of revenue over (under) expenditures - - - - (0.00)

(under) expenditures 65,180$ 21,809$ -$ 48,551$ 42,281$



UDOT GPI Special Projects General Building

MODEL DECISION Fund Fund Fund

DESCRIPTION DEVELOPMENT SUPPORT INDIRECT TOTAL TOTAL TOTAL

REVENUES

Federal sources: 82,083.47 - - 4,357,866.19 - -

Total federal sources 82,083.47 - - 4,357,866.19 - -

State sources:

State funds - - - 294,620.14 - -

Total state sources - - - 294,620.14 - -

Local sources:

Cities and counties - - - 681,878.94 20,891.20

Gain on sale of asset - 1,126,165.00

Other - 480.78 - 315,200.91 3,769.77

Total local sources - 480.78 - 997,079.85 24,660.97 1,126,165.00

TOTAL REVENUE 82,083.47 480.78 - 5,649,566.18 24,660.97 1,126,165.00

EXPENDITURES

Salaries and employee benefits 63,643.80 354.73 507,246.02 3,576,269.19 -

Contractual services - - 21,440.25 1,341,966.05 -

Equipment - purchase - - - 74,076.51 290,000.00

Equipment - rental - - 26,434.46 - -

Equipment - repair/maintenance - - 17,349.07 17,349.07 -

Rent - building - - 318,466.24 284,150.28 -

Rent - building operating exp - - 36,291.16 36,291.16 -

Travel - - 6,803.15 73,534.35 -

Training - - 3,047.11 42,884.49 -

Publications - - - 3,249.51 -

Supplies & software - - 43,297.42 95,142.73 -

Telephone & data - - 37,581.61 37,581.61 -

Accounting - - 17,069.29 17,069.29 -

Dues and subscriptions - - 3,500.00 20,047.46 -

Insurance - - 14,001.35 14,001.35 -

Legal - - 10,066.60 12,566.60 -


Bank charges and other - - - - 1,483.21

Indirect cost 18,439.67 126.05 (1,062,593.73) 0.01 -

TOTAL EXPENDITURES 82,083.47 480.78 - 5,646,179.66 291,483.21 -


Interest income - - - 20,889.20 6,999.72

TOTAL OTHER REV/(EXP) - - - 20,889.20 - 6,999.72

Excess of revenue over (under) expenditures - (0.00) - 24,275.72 (266,822.24) 1,133,164.72

(under) expenditures 82,083$ 481$ -$ 5,649,566$ 24,661$



Documents

WASATCH FRONT REGIONAL COUNCIL Meeting of October 24, … · WASATCH FRONT REGIONAL COUNCIL Meeting of October 24, 2019 . AGENDA . A meeting of the Wasatch Front Regional Council